a possible inverse head and shoulder in BTC
30000-29000 has acted as a strong support in this year, and i don't personally think so that it wont be broken for now, as this is being tested for the first time, also if you look at the wicks formed in between 30000-32000 one can easily find the buying pressure in that zone.
as of now BTC is in a good range to add of 10-12K benefit from the spot.
I would recommend this as an investment idea plus trading opportunity, so don't add full instead add some part now and add the rest only above 37000 for the potential targets of 40000/42000 and 47000 in comifng days.
42000 and 47000 are the major area that BTC would really need to test in coming days.
as a trader one can add here with a SL of 28000 USDT for the above mentioned targets.
30000-29000 has acted as a strong support in this year, and i don't personally think so that it wont be broken for now, as this is being tested for the first time, also if you look at the wicks formed in between 30000-32000 one can easily find the buying pressure in that zone.
as of now BTC is in a good range to add of 10-12K benefit from the spot.
I would recommend this as an investment idea plus trading opportunity, so don't add full instead add some part now and add the rest only above 37000 for the potential targets of 40000/42000 and 47000 in comifng days.
42000 and 47000 are the major area that BTC would really need to test in coming days.
as a trader one can add here with a SL of 28000 USDT for the above mentioned targets.