#BTC at consolidation or are we going to next support?

in Account Booster 👍3 years ago

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This time we will focus con BTC because many people have the uncertainty on where will it be heading.
First we need to take a look at the weekly chart (#crypto moves so fast and has so much volatility that the weekly chart gives us better understanding).

image.png

We see the purple circles and that is where we have areas of interest, before we have a resistance that broke and now it is tested as a support.

If we break that support we will be heading to the next area of interest, around the 30k.

We are clearly in a downtrend and now we are seeing some consolidation between 40 and 45k.
So now we are in risky plays. Safer buys with a clear break above 45k seeing the next resistance at 46k with a possible continuation up to 51k.
If we break 40k we can descend 10k to next big support at 30k.

image.png

THIS IS NOT FINANCIAL ADVICE OR SUGGESTED TRADE.
DO YOUR OWN RESEARCH.
THIS IS ONLY A JOURNAL FOR MY USE OF MY TRADING IDEAS AND PROVE MY SETUPS.
IMPORTANT!!! ALWAYS USE STOP LOSS AND REMEMBER THAT LEVERAGED MARKETS ARE RISKY AND YOU CAN LOOSE ALL YOUR MONEY. NEVER INVEST WHAT YOU CAN’T AFFORD TO LOOSE.

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