Breaking Point for BTCUSD
Updated
If we don't gain this 4hr level its going to look very bad BTC.
We need to gain this area of resistance around 36k to 36.4k, if we don't I'm expecting a very large dump to the 31.6k area. If we don't then find support in that area of 32k then I'm expecting another large dump to around the 24k/23k area for BTC.
The risk to reward on this trade is massive, just be careful with your trade and always have a stop loss.
Lets see how it plays out.
We need to gain this area of resistance around 36k to 36.4k, if we don't I'm expecting a very large dump to the 31.6k area. If we don't then find support in that area of 32k then I'm expecting another large dump to around the 24k/23k area for BTC.
The risk to reward on this trade is massive, just be careful with your trade and always have a stop loss.
Lets see how it plays out.
Trade active
We are rejecting at the moment. Only hit one buy order as we speak, lets see what happens next. Good luck all.
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