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#BTCUSDT $BTC BITCOIN AT SIDEWAYS There is no significant pattern to determine the price action rite now. Bitcoin may go into hibernation for a while (Sideways). However it respected our forecasted path and as retracement it came back to retest 56500. The FVGs on both sides are still unfilled as marked in our prev chart. Waiting with patience and discipline is the key to prosperity. Good Luck! #Write2Earn!
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#BTCUSDT $BTC TOO MUCH DISTURBANCE IN BITCOIN As we have indicated that if price breaks 56500 (Due to marked FVG) then it may retest 56500 to get rejection and continue its decline towards 49-50 xxx immediate support. Now price has come exactly as traced in the prev chart and now retesting 56500 but again there is an FVG above it that can make the difference and we may go further above to test our old tested SNR 60500. Waiting with patience and discipline is the key to success. Don't gamble your trade. Good Luck! #Write2Earn!
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#BTCUSDT $BTC BITCOIN UPDATE Straight Stop Loss hit giving no chance to BE. Profit & Loss are the part and parcel of trading. Well, we have already discussed in our prev post that if this support is broken hitting the stop loss at 55500 then waiting for retest at 56500 will be in plan. Also intimated in the prev chart about the FVG shown is playing its part. Price is hovering around it to fill the gap at our new support 49-50xxx. That medium risk sell at 59xxx stands null and void now. Good Luck! #Write2Earn!
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#BTCUSDT $BTC MEDIUM RISK SELL in H4 Time Frame 05-07-24 3:00 am #Write2Earn!
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#BTCUSDT $BTC LAST HOPE FOR BUYERS Bitcoin is about to test its strongest support at 56500 (+/-$300). The chart is self explanatory. Both of the bottom lines of D-channel and Int Bearish Channel are aligned at this point. If this holds then next immediate resistance will be 62300-63300 top line of Int bearish chnl and Mid Bone of D-Channel. On the other hand if in case this support get broken then we have to wait for the price to test this support gone resistance and get a rejection from it to head towards 50500. CONCLUSION : I will try to find a buy entry around 56500 (+/-$300) with a stop loss at 55500. If the stop loss hits and support gets broken then will wait to retest the price back to 56500 to receive rejection. Then a sell entry can be obtain taking 56500 as resistance.fd NOTE:- To avoid stop loss hitting, we can replace our stop loss and set it at entry point after having in profit of 2-3%. In this manner we may have another chance to re-enter and keep our equity save. Good Luck! #Write2Earn!
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