BTCUSDT - A Bearish Market scenario of Cryptocurrency Market
This is just an idea of BTCUSDT, If market fall again and where it will go next and where to enter ..
this is not a financial advise.. Do your own research before investing
This is an analysis of BTC in worst case scenario
1. We can see a divergence in 1D chart where price creating a LL and RSI is creating a HH
2. AB=CD patterns show market likely to reach 1st demand zone
3. major demand zone is a fresh zone and never retested
4. mini trend lines show a bearish market
If market get into a bearish momentum you can add some extra positions from the major demand zone i mentioned in the chart.
At this point we cant predict what happens next, But we can add some extra positions if market come to this levels with less risk reward ratio.
And another factor is human emotions. everyone is expecting a bull move and whales can manipulate market easily
do your own research before investing
this is not a financial advise.. Do your own research before investing
This is an analysis of BTC in worst case scenario
1. We can see a divergence in 1D chart where price creating a LL and RSI is creating a HH
2. AB=CD patterns show market likely to reach 1st demand zone
3. major demand zone is a fresh zone and never retested
4. mini trend lines show a bearish market
If market get into a bearish momentum you can add some extra positions from the major demand zone i mentioned in the chart.
At this point we cant predict what happens next, But we can add some extra positions if market come to this levels with less risk reward ratio.
And another factor is human emotions. everyone is expecting a bull move and whales can manipulate market easily
do your own research before investing