BTCUSDT UPDATE:
YO mates, hope you are all doing well
#BTC is now trading around $44100
Bitcoin is forming a double top pattern on the daily time frame
So the Possible scenario is If the double top pattern plays and there is a price reversal then we can see a dump in the price and the price can go towards the lower support zone ($40000 zone)
If the price transcends $44750 then the pattern is cancelled and another rally is on the way
The real question is, should we short #BTC or not
My answer is (based on fundamental and technical analysis), BTC may have a small pull back, this will get rid of any hesitation in the market and opens an opportunity for buyers to step in
The best price to buy #BTC depends on whether $44000 is transcended or $40000 is reached
I will definitely NOT short #BTC at the moment, but wait for the market to settle to limit buy at $40000.
NOTE:
This is not a financial advice!, my idea is based on market analysis and self intuition according to 5 years experience in trading
YO mates, hope you are all doing well
#BTC is now trading around $44100
Bitcoin is forming a double top pattern on the daily time frame
So the Possible scenario is If the double top pattern plays and there is a price reversal then we can see a dump in the price and the price can go towards the lower support zone ($40000 zone)
If the price transcends $44750 then the pattern is cancelled and another rally is on the way
The real question is, should we short #BTC or not
My answer is (based on fundamental and technical analysis), BTC may have a small pull back, this will get rid of any hesitation in the market and opens an opportunity for buyers to step in
The best price to buy #BTC depends on whether $44000 is transcended or $40000 is reached
I will definitely NOT short #BTC at the moment, but wait for the market to settle to limit buy at $40000.
NOTE:
This is not a financial advice!, my idea is based on market analysis and self intuition according to 5 years experience in trading
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.