Search This Blog

Tuesday, September 19, 2023

#BITCOIN WEEKLY OUTLOOK FOR LONGTERM

#BITCOIN WEEKLY OUTLOOK FOR LONGTERM

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Greetings Folks,
today i have prepared a setup of BTC/USD
the analysis is as follows
- the price broke the bearish structure in jan 2023 and has made a new higher low but failed to make a higher high
- it was following a dynamic support till now but it has been broken earlier
- now the price has made a range and 2 outcomes are possible
-- either it will take support from the zone i have marked or will break to continue the bearish trend
- the chart is weekly so just use for referrence
dont play with fire, always use a predefined stoploss



source https://www.tradingview.com/chart/BTCUSD/t7lTBmaK-BITCOIN-WEEKLY-OUTLOOK-FOR-LONGTERM/

No comments: