After consolidating below the bearish trendline trying to give breakout above it, and seriously threatening the bearish structure, currently consolidating above the trendline, 64190 is immediate resistance and 63250 is immediate support, expected to continue its consolidation and then give breakout above the R-1 64190, upon breakout we can initiate Long entries with Stoploss of 63250.
however since BTC is at a junction where we cannot even rule-out the possibilities of bearish moves as well. so we need to be open with that option too, if price faces rejection form the bearish trendline again, below the level of 63250 can be fresh shorts with Stoploss above 64190.
Without confirmation shouldn't be entering in either direction. As of now it's showing bullish biasness but may shift towards bearishness in later sessions.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
however since BTC is at a junction where we cannot even rule-out the possibilities of bearish moves as well. so we need to be open with that option too, if price faces rejection form the bearish trendline again, below the level of 63250 can be fresh shorts with Stoploss above 64190.
Without confirmation shouldn't be entering in either direction. As of now it's showing bullish biasness but may shift towards bearishness in later sessions.
For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.
Regards CrazyTrades247.
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Join Telegram Channels for more Trades ideas 🧿
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t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.