MU_Traders
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$BTC Technical Analysis
Alhamdulillah ❤️,
As analyzed yesterday #BTC☀️ rejected from $97,575 and exactly bounced from $93,500 zone. Right now it is looking like that #Bitcoin❗ will reject from $95,301 zone till $92,057. Here is the reason why?
Look at the last leg down from $$97,575 to $93,500; range upward liquidity sweep and then dump. Also retraced till 0.5 ratio of Fib retracement tool.
Same thing happened this time range with low volume that created liquidity on both sides. so most probability is that #bitcoin sweep upside liquidity with upthrust and drop till $92,057.
Drop length calculated via last length drop from range till low of ultra high volume.
We will try to buy if it go UpTo 91K without showing any support at $92K. That will show pattern change so most probability trend reversal .
It is my personal opinion do your own research before investing . Don't forget to like post and follow for more updates .
#MU_Traders
Alhamdulillah ❤️,
As analyzed yesterday #BTC☀️ rejected from $97,575 and exactly bounced from $93,500 zone. Right now it is looking like that #Bitcoin❗ will reject from $95,301 zone till $92,057. Here is the reason why?
Look at the last leg down from $$97,575 to $93,500; range upward liquidity sweep and then dump. Also retraced till 0.5 ratio of Fib retracement tool.
Same thing happened this time range with low volume that created liquidity on both sides. so most probability is that #bitcoin sweep upside liquidity with upthrust and drop till $92,057.
Drop length calculated via last length drop from range till low of ultra high volume.
We will try to buy if it go UpTo 91K without showing any support at $92K. That will show pattern change so most probability trend reversal .
It is my personal opinion do your own research before investing . Don't forget to like post and follow for more updates .
#MU_Traders
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