ZOOMED IN PICTURE ON BTC

16 févr. 2024

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.

Here is a quick update on BTC📚


👉As we can see price is still overall bullish from a medium- and short-term perspective.

SO, WHAT'S NEXT!

👉Meanwhile, price is still sitting around a strong resistance zone, and around an over-bought zone, where we are interested in looking for new bearish movements.

👉Moreover, for the bears to take over, we need a break below the marked swing low, then a movement lower till the rising trendline would be expected.

And as usual, unless price managed to break above 52k on daily time frame, then a movement higher would be expected.


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!