MMBTtrader

BTCUSD touching strong resistance once again breakout or ...?

Kort
BITSTAMP:BTCUSD   Bitcoin
AS we can see and we talked about it we would expect breakout of Red trendline near price 58K and that would be valid breakout after retest and then bullish market like Green path , else market strong resistance is still valid and the pressure provided by Red trendline dump price to new targets and lower price as shown with red path .
Targets :
A. 54200
B. 52500
C. 49900

if breakout happen the long term targets or target would be like :

and we talked about this important descending channel that formed here .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>

My Free telegram channel:
t.me/mmbtchannel

VIP channels:
Forex:+400 Pips and Crypto +245% monthly PROFIT VIP CHANNELS.
check the pinned message in telegram for more info and plans.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.