Bitcoin Needs Correction!!!
Updated
As I had expected in the ✅previous post✅, Bitcoin started to pump after a Bear Trap.
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel, and 200_SMA(Daily).
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450).
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel, and 200_SMA(Daily).
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450).
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activatedTrade closed: target reached
First Target DoneTrade closed manually
I made the second 50% of the position risk-free, although it was less than $110 to touch the second target, which is normal in trading, and anyway, the position was closed with profit.
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