Channel: the top
down trend still , so these supports of bitcoin and price may be visit these bellow supports
S1 42000
S2 39000
S3 35000
S4 29000
S1 42000
S2 39000
S3 35000
S4 29000
stay out and dont enter any new trades till market indicate to reversal
wait bitcoin price at 39000 or 35000 $
wait bitcoin price at 39000 or 35000 $
now , if price go up and break 53400 and close above it , then will get 59000-60000 and will retest 53000 again
that mean new ATH expected at 80000 - 90000
otherwise the price will be change between 42000 and 53000
break 53400 and close above it ( may be up trend)
break 42000 and close bellow it ( may be more down trend )
that mean new ATH expected at 80000 - 90000
otherwise the price will be change between 42000 and 53000
break 53400 and close above it ( may be up trend)
break 42000 and close bellow it ( may be more down trend )
In brief , reasons behind bitcoin down trend
1- Kazakh situation
2- Fed said rate hikes start in March and tapering has to be a bit more aggressive.
3- broke support at 45500
1- Kazakh situation
2- Fed said rate hikes start in March and tapering has to be a bit more aggressive.
3- broke support at 45500
the top
buy gxs 2.3- 2.35 usdt stop 2.03 usdt target 2.88
close trade with 1% profit
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