tenxcontracts

BTC Monthly supply zone

Short
KUCOIN:BTCUSDT   Bitcoin / Tether
#BTC is on it's way to the monthly supply zone, Daily trigger line shows the perfect downtrend but as said so, since it's engaged w/ monthly supply zone, it needs to be checked in lower timeframes to see whether the trend continues or not.
The probability of trend continuation will give us prices as 40000$ and lower.
On the other hand, if the trend can't stand it's side the targets will return back to 55000$ and more.
Must stay tuned and Watch!
The analysis is dedicated to mr. Saeed Khakestar for his precious efforts in Trigger Price Action, you are all beloved the Godfather Trex!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.