BTC/USD (New ATH > New Price Discovery?)
💎Technical Analysis Summary💎
BITSTAMP: BTCUSD
-New All-Time High for Bitcoin today with strong volume
-Many short position orders has been liquidated or stopped out
-After breaking its recent top around 19.9k dollars
-Since this is a new high, potential price discovery will happen
-I have used the Fib reverse extension to potentially see the next minor resistance
-Currently, BTC touches the 1.414 Fib resistance area up to the 1.618 level
-FOMO might enter the market really soon so I don't recommend buying at market price
-If you are looking for a buying opportunity, it is not today
-Please wait for a proper market structure with a good to risk: reward ratio
-Do not follow the crowd, plan your trade and execute properly
-Congrats again for hitting new ATH, BTC has been extremely strong up to date
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BITSTAMP: BTCUSD
-New All-Time High for Bitcoin today with strong volume
-Many short position orders has been liquidated or stopped out
-After breaking its recent top around 19.9k dollars
-Since this is a new high, potential price discovery will happen
-I have used the Fib reverse extension to potentially see the next minor resistance
-Currently, BTC touches the 1.414 Fib resistance area up to the 1.618 level
-FOMO might enter the market really soon so I don't recommend buying at market price
-If you are looking for a buying opportunity, it is not today
-Please wait for a proper market structure with a good to risk: reward ratio
-Do not follow the crowd, plan your trade and execute properly
-Congrats again for hitting new ATH, BTC has been extremely strong up to date
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.