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#BTCUSDT
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#BTCUSDT $BTC WHAT IS NEXT FOR BTC ? We are in the lower side of D-Channel and the only hurdle to test the bottom of it at 56500 is Sma200 ready to intercept at 59xxx. Price have bounced once from this area and now getting ready to test it again. However we are still in bullish trend in larger time frames so we may call it a small down trend within it. The D-channel bottom line now at 56500 will play the "Point Of Impact" at price action. Breaking or Rejecting it with a confirmation candle may conclude further movement in D1 TF. For now mark the zone 60500-56500 for observation and candle formations for the work plan. Our High Risk Sell from 62300 is going well and have TPed half of the volume. Rest of the lot is held at BE position. Good Luck !
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#BTCUSDT $BTC Those who have taken the high risk sell at 62300 (bottom of Int Chnl) may put the SLs at BE and plan to TP at Sma200 or previous loww aligned with new Int Chnl bottom at 58300. We may also hold a percentage of entry for targeted area 56500 at the bottom of D-Channel. Good Luck! #Write2Earn!
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#btcusdt $BTC BITCOIN NEXT MOVE. GET READY! WITH A SELF EXPLANATORY CHART. We have successfully stationed our TPs from 70 to 63 59. Although the target is yet to achieve at 56 (Bottom of D-Channel), we have to close our entries on strong rejection point 59 (as marked earlier in my previous post). Now as retracement is always due, we have to wait either for a new top around 63300 mid bone of D-Channel or the targeted area bottom of D-Channel 56500 if I say precisely. Note:- When figures are mentioned, Plus/Minus $300 price should be taken into account. Nothing is %100 in this world and specially Trade Market (Forex/Crypto). We can assume price action on probabilities based on practised/tested work plans. Use analysis of other participants purely for the reason of comparison with own work. DO NOT JUMP INTO THE MARKET WITH A BUY/SELL STANCE. Good Luck! #Write2Earn!
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#BTCUSDT $BTC Going good so far. Already TPed half of it. Remaining 2 Qtrs are set for release. Possible new acting ground may occur at 59xxx where Sma200 might obstruct the price action. #Write2Earn!
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#BTCUSDT $BTC D-CHANNEL IS PREVAILING A CHANNEL WITHIN A CHANNEL It is evident from trend lines in D1 channel that the D-Channel (Descending channel) is prevailing. Yet another descending channel is creating its path within it. This bearish movement within the bullish market is critical. Price may take a U turn towards sky at any point. I have tried to explain price action at chart to make it as easy as possible to read. Making it self explanatory for the possible Break and Rejection points. Good Luck ! #Write2Earn!
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