Fundumental - According to the latest news, Tesla company has transferred 12,000 of its bitcoins. It is not clear what they have decided, but it is clear that if these assets are sold, we will see a sharp drop in the price. On the other hand, the situation in the Middle East is extremely unstable and there is a possibility of a full-scale war at any moment, which will lead to the instability of financial markets, especially high-risk markets.
Technical - There is strong and credible daily channel as you see in the chart. This channel was started in the daily time frame about 8 months ago and is still valid. Currently, BTC is moving near the resistance lines and the Potential Reversal Zone. In my oponion, Bitcoin price correction will begin soon. Everything clear in the chart.
Enter: 68K - 69K
TP1: 65K
TP2: 60K
TP3: 50500
SL: 71K
** Please follow your strategy and do your research before trading; this is just my Idea, and I will glad to see your ideas in this post.
Technical - There is strong and credible daily channel as you see in the chart. This channel was started in the daily time frame about 8 months ago and is still valid. Currently, BTC is moving near the resistance lines and the Potential Reversal Zone. In my oponion, Bitcoin price correction will begin soon. Everything clear in the chart.
Enter: 68K - 69K
TP1: 65K
TP2: 60K
TP3: 50500
SL: 71K
** Please follow your strategy and do your research before trading; this is just my Idea, and I will glad to see your ideas in this post.
Trade closed: target reached
First target reached. BTC will fluctuate in this area and then continue downtrend.
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.
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.