Bitcoin might drop again and why ?
Hi,
First of all, congratulation everyone, who followed the trade from last post. We got 40% profit. In this post we will discuss about the potential move for bitcoin.
Right now, BTC is at 39-40 k resistance zone. After the recent dump, we cant see any whale buy which suggest still BTC lower is out there. From last 4, 4 hours candle we don't see enough strength in volume, which can break 40K. Moreover, Bitcoin is following a ascending channel and the bottom is around 35.5K. As BTC already visited 37K support recently, I am expecting a dump towards 35.5 -36K. Furthermore, EMA ribbon giving all types of resistance at 39-40 k range. All suggest a good drop.
10X leverage only.
Short Entry : 38.8K-39.2K
Stop loss: 39.9K
Take Profit: 35.6K (Safest option: 36298)
Thanks.
Regards,
A friend who does trading mistake like you :-)
First of all, congratulation everyone, who followed the trade from last post. We got 40% profit. In this post we will discuss about the potential move for bitcoin.
Right now, BTC is at 39-40 k resistance zone. After the recent dump, we cant see any whale buy which suggest still BTC lower is out there. From last 4, 4 hours candle we don't see enough strength in volume, which can break 40K. Moreover, Bitcoin is following a ascending channel and the bottom is around 35.5K. As BTC already visited 37K support recently, I am expecting a dump towards 35.5 -36K. Furthermore, EMA ribbon giving all types of resistance at 39-40 k range. All suggest a good drop.
10X leverage only.
Short Entry : 38.8K-39.2K
Stop loss: 39.9K
Take Profit: 35.6K (Safest option: 36298)
Thanks.
Regards,
A friend who does trading mistake like you :-)
Related publications
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.