Hey there.
As I discussed previously, BTC/USDT broke the channel and I do expect a retracement to the $40k for many reasons:
1- 20-day moving average is there,
2- 0.618 of recent move in daily timeframe is there,
3- broken resistance line of channel hasn't been tested yet,
Based on that, I put an order on 40050 USDT for 0.25 of my exposure.
I hope you enjoyed this analysis and take a time to like and subscribe.
By the way, take a look at the channel I believe BTC/USDT perfectly and accurately reacts to. It is linked below.
Cheers.
As I discussed previously, BTC/USDT broke the channel and I do expect a retracement to the $40k for many reasons:
1- 20-day moving average is there,
2- 0.618 of recent move in daily timeframe is there,
3- broken resistance line of channel hasn't been tested yet,
Based on that, I put an order on 40050 USDT for 0.25 of my exposure.
I hope you enjoyed this analysis and take a time to like and subscribe.
By the way, take a look at the channel I believe BTC/USDT perfectly and accurately reacts to. It is linked below.
Cheers.
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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.
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.