BTC 8500$ VS 5450$ Critical level !
Updated
Traders,
Here we have BTCUSDT 1D chart.
Previously we talked about this scenrio which happened excately as the idea said kindly check it here below:
We have now a nice bullback, but it's a critical level guys we have many probablities here and am gonna discuss every probability to decide and take the right decision about this trade
1- We have a Mixed two down trends: the 1st one was from the 0.618 fib level from the ATH to this year high at 14k, 2nd one from fake breakout.
2- Metting 6 times region resistance that was support for around 2 months
3- Having Golden level breakdown and the next level after retesting we have now is 5450$
4- Deathcross on weekly chart !
5- POV from VP was at 7200 levels which it's broken and we have a retest at this moment
So the Q is : Are we gonna see 5k levels in a few days ?
A : Maybe yes is having the highest probabilities unless (Breaking the current point with a full body candle)
6- Like if you appreciate this idea. and kindly check related ideas.
Regards,
Mohsen
Here we have BTCUSDT 1D chart.
Previously we talked about this scenrio which happened excately as the idea said kindly check it here below:
We have now a nice bullback, but it's a critical level guys we have many probablities here and am gonna discuss every probability to decide and take the right decision about this trade
1- We have a Mixed two down trends: the 1st one was from the 0.618 fib level from the ATH to this year high at 14k, 2nd one from fake breakout.
2- Metting 6 times region resistance that was support for around 2 months
3- Having Golden level breakdown and the next level after retesting we have now is 5450$
4- Deathcross on weekly chart !
5- POV from VP was at 7200 levels which it's broken and we have a retest at this moment
So the Q is : Are we gonna see 5k levels in a few days ?
A : Maybe yes is having the highest probabilities unless (Breaking the current point with a full body candle)
6- Like if you appreciate this idea. and kindly check related ideas.
Regards,
Mohsen
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Telegram: t.me/MO_Trading
Twitter: twitter.com/MoTradr
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