Bitcoin "Shakeout Posistion"
Is Bitcoin ready for a 18.5$ K
The above chart of Bitcoin ( BTCUSDT ) laid out the rounding bottom.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 16970 If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the resistance levels of $18650, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may fall to $16535
This is a daily trading analysis, not a positional suggestion.In recent days, we have seen some bullish candles in a hourly time frame but there is no correlation with volume. This is just like an abnormal market activity to take odd out
We need good volume accumulation at the demand zone for a strong bullish movement.
Many shakeout candles were observed near the demand zone, which is not good for long positions.
The buy view is only for daily trade.
Happy Trading
The above chart of Bitcoin ( BTCUSDT ) laid out the rounding bottom.
Currently, Bitcoin ( BTCUSDT ) is in the range of $ 16970 If the pattern continues, the price of Bitcoin ( BTCUSDT ) might reach the resistance levels of $18650, If the trend reverses, then the price of Bitcoin ( BTCUSDT ) may fall to $16535
This is a daily trading analysis, not a positional suggestion.In recent days, we have seen some bullish candles in a hourly time frame but there is no correlation with volume. This is just like an abnormal market activity to take odd out
We need good volume accumulation at the demand zone for a strong bullish movement.
Many shakeout candles were observed near the demand zone, which is not good for long positions.
The buy view is only for daily trade.
Happy Trading
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