BTC/USDT
Hey Guys, many of friends asked me for a new technical analysis and bitcoin price prediction in future.
well, everything is clear on the chart as always, that we will trade as per these 3 scenarios with confirmation and fair targets and stop losses.
Alright, so here is the trade set up, we have support trend line in black color which is very important for us, if we got supported from here we will buy with a stop loss below this trend line targeting 44,000 45,000 and 50,000, or if we break it below with a retest we can open a sell short targeting 41,000 and 40,0000. and if in case we break below 41,000 and 40,000 with a confirmation we can re enter for sell short till 37,000 and 36,000.
If scenarios changed due to news and market manipulations I will update you guys.
Don't forget this is my own opinion you can do your own research and analysis as per your own strategies.
Thanks and all the best.
well, everything is clear on the chart as always, that we will trade as per these 3 scenarios with confirmation and fair targets and stop losses.
Alright, so here is the trade set up, we have support trend line in black color which is very important for us, if we got supported from here we will buy with a stop loss below this trend line targeting 44,000 45,000 and 50,000, or if we break it below with a retest we can open a sell short targeting 41,000 and 40,0000. and if in case we break below 41,000 and 40,000 with a confirmation we can re enter for sell short till 37,000 and 36,000.
If scenarios changed due to news and market manipulations I will update you guys.
Don't forget this is my own opinion you can do your own research and analysis as per your own strategies.
Thanks and all the best.
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.