Fingerscrossed
3,420 megtekintés
3 Bejegyzések
Népszerű
Legfrissebb
📈 Bitcoin Analysis:📈 M Pattern and Supply Dynamics 🚀
Technical Analysis:
The 4-hour chart indicates an M pattern, with a weak neckline around $68.5k.
🔥If BTC bounces from this level and closes above $71,382, consider a long position with a stop loss at $69,857.
The consecutive take profit target could be around $80,000.
Supply Dynamics:
🔥BTC has repeatedly checked supply levels around $59-60k. It currently awaits exhaustion of supply within the $68k-70k range.You can check the chart of mine that I have depicted with horizontal box with respect to volume.
📈Keep a contingency plan in mind, as markets can surprise us. Always leave a back door open.
Alternate Scenario:
🚀If BTC drops to check liquidity at $59-60k, consider taking an entry there with a 5% stop loss.
Remember, the crypto market is dynamic, and unexpected events can occur. Stay informed and adapt your strategy accordingly! #BitcoinTrends" #Fingerscrossed $BTC
Technical Analysis:
The 4-hour chart indicates an M pattern, with a weak neckline around $68.5k.
🔥If BTC bounces from this level and closes above $71,382, consider a long position with a stop loss at $69,857.
The consecutive take profit target could be around $80,000.
Supply Dynamics:
🔥BTC has repeatedly checked supply levels around $59-60k. It currently awaits exhaustion of supply within the $68k-70k range.You can check the chart of mine that I have depicted with horizontal box with respect to volume.
📈Keep a contingency plan in mind, as markets can surprise us. Always leave a back door open.
Alternate Scenario:
🚀If BTC drops to check liquidity at $59-60k, consider taking an entry there with a 5% stop loss.
Remember, the crypto market is dynamic, and unexpected events can occur. Stay informed and adapt your strategy accordingly! #BitcoinTrends" #Fingerscrossed $BTC
