My LONG STORY outlook about BTCUSDT :
1. Already meet the resistence, also you can look at the left, there are a little supply area
2. there are a Candlestick Pattern Bearish engulfing/outside bar with big volume and break the support
I assume that BTC will going to range 49662 - 48257. If BTC have a strong demand in that area and buyer are dominant, BTC can going up to rally again making Higher High Higher low. And if it fail have a potential making a lower high lower low to 46447 and sideways.
My suggestion to you if you want to entry the market, just find a good posisition. You can use Chart pattern, candle pattern, divergence and many more. Don't just look the outlook and then you think you can sell right now. Find a good set up first, then entry. Also use a good MoneyManagement.
nb: But remember, BTC still moving in bullish trend. and now just "rest" before rally again.
cheers
-NFA-
1. Already meet the resistence, also you can look at the left, there are a little supply area
2. there are a Candlestick Pattern Bearish engulfing/outside bar with big volume and break the support
I assume that BTC will going to range 49662 - 48257. If BTC have a strong demand in that area and buyer are dominant, BTC can going up to rally again making Higher High Higher low. And if it fail have a potential making a lower high lower low to 46447 and sideways.
My suggestion to you if you want to entry the market, just find a good posisition. You can use Chart pattern, candle pattern, divergence and many more. Don't just look the outlook and then you think you can sell right now. Find a good set up first, then entry. Also use a good MoneyManagement.
nb: But remember, BTC still moving in bullish trend. and now just "rest" before rally again.
cheers
-NFA-
Trade closed: target reached
1st target reach. see what the nextNote
BTC Already Breakout and will making HH HL
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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.