📊#BTC Rounding Top⚠️
🧠From a structural perspective, the downtrend remains intact, and BTC spot trading is showing a net outflow, so please be cautious about going long!
➡️From a modeling perspective, a rounding top pattern has formed here. Using measurement tools, we can estimate a potential target around 51888.
➡️Currently, a bearish flag pattern has formed near the neckline of the rounding top, further increasing the expectation of a decline. Therefore, we can try to participate in some short positions here.
⚠️Note that there is some support around 58000. Going short here would be too aggressive, so please be sure to manage your risk!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
BTCUSDT.P
🧠From a structural perspective, the downtrend remains intact, and BTC spot trading is showing a net outflow, so please be cautious about going long!
➡️From a modeling perspective, a rounding top pattern has formed here. Using measurement tools, we can estimate a potential target around 51888.
➡️Currently, a bearish flag pattern has formed near the neckline of the rounding top, further increasing the expectation of a decline. Therefore, we can try to participate in some short positions here.
⚠️Note that there is some support around 58000. Going short here would be too aggressive, so please be sure to manage your risk!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
BTCUSDT.P Dagangan ditutup: hentian tercapai
#BTC Update
Unfortunately, we didn't see a significant drop this time. Although we dropped $1000 from the entry point, I was still expecting more, ignoring the 0.618 Fibonacci retracement level on the weekly chart, thus triggering my stop-loss!
Currently, this can only be interpreted as a rebound within a downtrend, not a reversal. Therefore, we still need to look for shorting opportunities at higher levels. The next shorting opportunity might be found within the 62300-63300 resistance zone I've been watching.
We've entered a complex consolidation phase, and there's a possibility of a descending triangle forming.
💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.