As we all know Bitcoin breakthrough major market trend line and so far the re-test is done with nice bounced but I believe to make this trend breakout valid we should expect one or more re-test on this trend zone.
If you could recall my last analysis which proposed immediate test on 12k zone after discovering potential BAT formation on BTC. This view remain very valid and we can count on it and wait for possible retracement after the BAT target is achieved.
We should focus more on the final target of this analysis to be our immediate resistance and possible sell off zone.
If BTC play to this idea then our long term buy zone will be towards 8k-8k5 zone.
Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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Handel aktiv
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Handel aktiv
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BTC Approaches potential sell off zone, but mind you we got strong news today which is strengthen the bull at the moment, I will prefer us to wait and see market reaction here 13000-13300.
If market break through this level then next major resistance is at 14,350$.
Trade stängt: målet nått
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Target achieved on the long side, still waiting for major reversal to short.
Hi, i m sorry if i give your time.
I m in his(WESLAD) VIP channel(WCSE) and we go to lose. i gave him 0.025 BTC at first subscription and don't give any response to others. be careful.
most of his predictions is go wrong.
his success rate is less than 65% for 5 months from 9 months in 2020. I begin to complain for this poor success rate and my losing.
but he banned me. i have some evidences which show i m right.
TopTradingSignals
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Yeah, makes sense, but btc is charged to go way higher, so I am not sure the bulls will let it slip too low. Bitcoin marketmakers might not be willing to go into the dive...
weslad
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@TopTradingSignals, That will be interesting, but this market is far funny than that, it can slip in any seconds where every view will change from Bullish to bearish. Let be ready to be flexible with it no matter what happen.
Phi-Deltalytics
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@TopTradingSignals, I totally agree. Especially when the "marketmakers" have a 9k+ purchase price. AND there are bears to work as fuels for the upside (futures).
GoldenFib
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I'm not sure if your upper trendline is correct. On my chart we haven't broken out yet.
weslad
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@GoldenFib, Do share your chart, and this chart is done with log view. Try that and let see what you come up with. Thanks
I m in his(WESLAD) VIP channel(WCSE) and we go to lose. i gave him 0.025 BTC at first subscription and don't give any response to others. be careful.
most of his predictions is go wrong.
his success rate is less than 65% for 5 months from 9 months in 2020. I begin to complain for this poor success rate and my losing.
but he banned me. i have some evidences which show i m right.