🚨BTCUSDT UPDATE🚨
1- Last week,BTC created a Bearish pennant, and it broke below the pennant, than tried to re-enter the pennant to flip over the resistance with no success. ( Bearish sign)
2- On the 4HR time frame, we have a TK cross below the cloud. ( Bearish sign).
3- On the 4HR time frame, BTC is creating a lower highs. ( Bearish sign).
4- the 70.2% of the Fib level is holding, breaking below it (44.5k), will take us to the support zone 43.3-42.2
5- If the 61.8% didn't hold than will go to the 38.2%(37.5k) MAX.
SO,
1- Right now,it is too risky to take any trade, i will short only if we breaks the 61.8% level,my entry will be around 4H close below 42.1k, and the targets are on chart.
2- If you want to buy BTC (spot Position), start at the 61.8% around 43-42k., and continue to buy even if it goes to the 37k zone.
3-Risky trade:💀💀
-If 4Hr candle closes above 44.6, than you can sclap long toward 45.3, 45.7, 46.1.
I will remain bearish until it breaks over the cloud resistance at 47.9, than i will go LONG.
1- Last week,BTC created a Bearish pennant, and it broke below the pennant, than tried to re-enter the pennant to flip over the resistance with no success. ( Bearish sign)
2- On the 4HR time frame, we have a TK cross below the cloud. ( Bearish sign).
3- On the 4HR time frame, BTC is creating a lower highs. ( Bearish sign).
4- the 70.2% of the Fib level is holding, breaking below it (44.5k), will take us to the support zone 43.3-42.2
5- If the 61.8% didn't hold than will go to the 38.2%(37.5k) MAX.
SO,
1- Right now,it is too risky to take any trade, i will short only if we breaks the 61.8% level,my entry will be around 4H close below 42.1k, and the targets are on chart.
2- If you want to buy BTC (spot Position), start at the 61.8% around 43-42k., and continue to buy even if it goes to the 37k zone.
3-Risky trade:💀💀
-If 4Hr candle closes above 44.6, than you can sclap long toward 45.3, 45.7, 46.1.
I will remain bearish until it breaks over the cloud resistance at 47.9, than i will go LONG.
