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The price didn't manage to break 63300 resistance and started to fall down. There is still chance that price can reverse and rise back but if not then will look at entry point at around 60k. Opened long position on breaking 63300 and already reached first target. So far closed 50% of the position and put stop loss at breakeven. Next target 67k Bitcoin price reached 66800 level but didn't managed to touch 67k. After two failed attemts to reach 67k I decided to close remaining half of my position at 66k. I'm planning to open another BTC UP position on BiTCVOIN trading platform after confirmation on hourly chart. After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage. First target set at 64400, Second target at 67000, Stop loss at 60100. In case if BTC price won't break 63300 resistance and start going down then will look for entry spot at around 60k. Please, do not forget to boost this idea & share it with your friends; thanks. #CMEBitcoinSpotTrading #notcoin #MemeWatch2024 #ETHETFS #altcoins

The price didn't manage to break 63300 resistance and started to fall down.

There is still chance that price can reverse and rise back but if not then will look at entry point at around 60k.

Opened long position on breaking 63300 and already reached first target.

So far closed 50% of the position and put stop loss at breakeven.

Next target 67k

Bitcoin price reached 66800 level but didn't managed to touch 67k.

After two failed attemts to reach 67k I decided to close remaining half of my position at 66k.

I'm planning to open another BTC UP position on BiTCVOIN trading platform after confirmation on hourly chart.

After recent price fall BTC is recovering again and ready to break 63300 resistance. I'm waiting when price will close above 63300 on hourly time frame and will open a long position with 10x leverage.

First target set at 64400, Second target at 67000, Stop loss at 60100.

In case if BTC price won't break 63300 resistance and start going down then will look for entry spot at around 60k.

Please, do not forget to boost this idea & share it with your friends; thanks.

#CMEBitcoinSpotTrading #notcoin #MemeWatch2024 #ETHETFS #altcoins

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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Temporarily bearish then $71,000 bullish longer term May 19 Comment: and here we go, lets keep watch around zone1 Re-test didn't happen which weakens the wedge reversal analysis but the estimated outcome is still possible. On the other hand, the trend is continuing on a horizontal channel with a triple top touch pattern suggesting a downtrend as well. hourly EMA 233 is at the bottom edge of zone 1 and we know ema 200 or ema 233 are good support lines. which makes it a a good deterrent from going further to zone 2. the downtrend is highly probable to stop in zone 1 at least for some time. Rising wedge bearish pattern has formed on hourly chart, and a breakout is underway to mark a highly probable bearish trend. The trend will either stop at the base of the wedge in the zone 64665.70 ~ 65033.72 USDT or continue to the previous support zone 62590.06 ~ 63355.54 USDT. The major trend is still bullish signaled by Fib-EMA cross over between fib 55 and 233 (golden cross) on the 15h of May hourly chart, which suggests a reversal after the stop of this bearish trend into a bullish trend again. The daily chart shows a grander image of this bearish trend as a retest for the bullish flag pattern on daily around 62201.46 USDT, which is expected to go all the way up to 83983.33 USDT matching the height of the beginning of the original trend. Coincidentally meeting with a local resistance too from the rising wedge earlier (not very important observation but just noted). Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Binance. Read more in the Terms of Use. #buythedip #MicroStrategy #BlackRock #BinanceLaunchpool #BTC
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