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BTC went to 38k as expected, and now it broke below the falling wedge, we should expect a continuation further to the downside. Our first support is the upper trend line (1) of the channel, our next support is the 35k major support level. From there we can expect a continuation to the upside if we reject those levels.
However, if we break below 35k we will go to 33k and 31k.
On the other hand, we can notice on the lower time frames that we are in a descending channel that usually breaks to the upside, that is why we could expect a reversal on the short term (trend line 1 or 35k)
Support: 35k
Resistance: 38k
Link below to important ideas and videos
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
WHY FOLLOW?
• 4 Years of experience
• Daily trades
• Daily updates
• Best Entry Points
• Important Zones
• TP/SL
...................................................................................................................................................................................
BTC went to 38k as expected, and now it broke below the falling wedge, we should expect a continuation further to the downside. Our first support is the upper trend line (1) of the channel, our next support is the 35k major support level. From there we can expect a continuation to the upside if we reject those levels.
However, if we break below 35k we will go to 33k and 31k.
On the other hand, we can notice on the lower time frames that we are in a descending channel that usually breaks to the upside, that is why we could expect a reversal on the short term (trend line 1 or 35k)
Support: 35k
Resistance: 38k
Link below to important ideas and videos
...................................................................................................................................................................................
What do you think?
Good luck traders,
Not financial advice
Manage risk and leverage
DYOR
NajjarTrading
Trade stängt: målet nått:
All according to plan
Trade stängt: målet nått:
35k hit
