BTC SHORT & MEDIUM TERM

20 févr. 2023

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

BITCOIN QUICK UPDATE

As we mentioned last time in the Text analysis, price is still around our resistance zone.

So, we are still speculating a bearish correction till the lower rising trendline.
Unless price managed to break above then a further movement higher would be expected

For now, and from a short-term perspective price is trading above the rising trendline,
So, for the bears to kick in we need a new swing low to be formed then a break.

Then a further movement lower would be expected, and if the price managed to break the lower marked zone, which is a major swing low.

Then a movement lower, till the lower trendline and previous major high broken would be expected, where we will be looking for new longs as well.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!

20 févr. 2023

Note

Telegram channel: t.me/Snipers_F_x