nzao

BTCUSD

Short
BITSTAMP:BTCUSD   Bitcoin
✓From monthly timeframe BTC is falling and is expected to go below 38000 befort regain it's momentum up.
✓Break of Market structure observed at 406500, which indicates the probability for price to drope is so high.
✓ price also show strong resistance zone at 42290.
✓ This zone can also be considered as liquidity zone, therefore an interesting area above it can be valid entry setup for sell.
✓The high probable selling zone is between 42500 and 42750.
✓ At this zone one can find any berish confirmation and enter or can enter direct and put stop loss above the zone.
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