on 30 minute timeframe there is a presence of declining channel, which price is following religiously and seems like prominent way through which we could figure out the up coming moves on BTC.
Currently price can be seen taking support of the channels lower boundary and expected to show an up-move which might lead price to retest the level of 63600 or the upper boundary of the channel, however taking longs could be avoided as over all trend is bearish & taking shorts would have better odds of success.
I'd be looking at the short entry when it faces the rejection from the 63580. should wait for confirmation before entering into fresh shorts. consolidation and breakdown would be the preferred formation.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
Currently price can be seen taking support of the channels lower boundary and expected to show an up-move which might lead price to retest the level of 63600 or the upper boundary of the channel, however taking longs could be avoided as over all trend is bearish & taking shorts would have better odds of success.
I'd be looking at the short entry when it faces the rejection from the 63580. should wait for confirmation before entering into fresh shorts. consolidation and breakdown would be the preferred formation.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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🟢For Forex and International Commodities
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crazytrades247@gmail.com
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t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.