Bitcoin / TetherUSUpdated BTC
This would my first attempt on doing a review on Bitcoin.
idk how the BTC really works, but i hope the way i see the market make a slight similarity on the outcome with the other instrument im into.
so basically. i think it had been bullish for a while and since May 2023 it has made a retracement lower.
the thing about retracement it could bounce and it could break the whole entire move.
conclusion is that i hope next week this area 22675-25027 will hold if its true its just a normal retracement as we all thought.
its still tradeable, however with caution. it may look just bearish at the moment but its about to create tons of confusion while trading this area esp those who swing trade. i personally would just scalp so its not big deal, but atleast we all know where the yellow light is.
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longer term move, its still bearish in monthly until 21351.
i would swing from there taking the old high 31000.
in between just do what you need to do.
this is not a financial advice, take the risk reading this.
this is just my own perspective and idea, if it goes otherway i am not held resposibility to whatever action you guys take from reading this.
nonetheless, TRADE SAFELY!
idk how the BTC really works, but i hope the way i see the market make a slight similarity on the outcome with the other instrument im into.
so basically. i think it had been bullish for a while and since May 2023 it has made a retracement lower.
the thing about retracement it could bounce and it could break the whole entire move.
conclusion is that i hope next week this area 22675-25027 will hold if its true its just a normal retracement as we all thought.
its still tradeable, however with caution. it may look just bearish at the moment but its about to create tons of confusion while trading this area esp those who swing trade. i personally would just scalp so its not big deal, but atleast we all know where the yellow light is.
--
longer term move, its still bearish in monthly until 21351.
i would swing from there taking the old high 31000.
in between just do what you need to do.
this is not a financial advice, take the risk reading this.
this is just my own perspective and idea, if it goes otherway i am not held resposibility to whatever action you guys take from reading this.
nonetheless, TRADE SAFELY!
Trade active
still watching that zone support.Trade active
22675-25027 acted as a support and now running for buyside. will it go higher?Trade active
BTC on the other hand fly high! :)however retracement might be happening anytime sooner. est. 50% fib
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