BTCUSDT - Bounce on support area
This is an update to my previous posting, and more details into my analysis of the current developments.
Need to keep in mind that after a strong selloff, a correction rally was to be expected. So we dont have confirmation of a trend change yet.
Also - traders will be looking at the US CPI reading prior to any further action. In any case my pending trade is a "pending" trade :) and it is well positioned to avoid the risks of any lower slide below the identified support area.
Need to keep in mind that after a strong selloff, a correction rally was to be expected. So we dont have confirmation of a trend change yet.
Also - traders will be looking at the US CPI reading prior to any further action. In any case my pending trade is a "pending" trade :) and it is well positioned to avoid the risks of any lower slide below the identified support area.
Note
We need to brake and stay above 40600 as a first confirmation towards the upper targets and a preliminary reversal confirmation.
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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.