Bitcoin / TetherUSShort
WHAT'S NEXT ON BTC!
Updated
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned last analysis, price was around 20k support zone, where we were speculating new bullish movements as shown on the chart.
Price rejected our support zone and traded higher, by breaking above our major swing high.
For now, price is still around a resistance zone 25k and for the bulls to remain in control we need a break above the resistance zone from daily, which didn't happen.
Meanwhile, for the bears to kick in from a short-term perspective we need a break below the marked swing low, then a further movement lower would be expected
Till the lower support where we will be looking for new longs as well
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BITCOIN QUICK UPDATE
As we mentioned last analysis, price was around 20k support zone, where we were speculating new bullish movements as shown on the chart.
Price rejected our support zone and traded higher, by breaking above our major swing high.
For now, price is still around a resistance zone 25k and for the bulls to remain in control we need a break above the resistance zone from daily, which didn't happen.
Meanwhile, for the bears to kick in from a short-term perspective we need a break below the marked swing low, then a further movement lower would be expected
Till the lower support where we will be looking for new longs as well
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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