Bitcoin Chart Update 1hour Time Frame
Hello
Based on previous idea (link is below) , Breaaking 39270 area Support has changed the Trend to BEARISH.
Now the key level is 41500 - 42200 .
If price breaks this Supply area , Buyers would be added to the market. Technically a good HUNT setup would have happened and is a good confirmation for BUY position.
Other wise a good Short sign would be great for a SELL setup.
Based on previous idea (link is below) , Breaaking 39270 area Support has changed the Trend to BEARISH.
Now the key level is 41500 - 42200 .
If price breaks this Supply area , Buyers would be added to the market. Technically a good HUNT setup would have happened and is a good confirmation for BUY position.
Other wise a good Short sign would be great for a SELL setup.
Note
Price has broken the confirmation area and uptrend momentum has appeared.Any correction in 41000 - 41500 area would be a good place for LONG position.
Note
Price has touched the target area ( 43200 - 44000).Next would be 45550 - 47000 .
loosing 42800 is a signal for changing the direction.
Trade fermée: cible de profit atteinte
Price has reached to the predicted area and had a good reaction.As I said it might be stop increasing for a while.
Should wait and get another sign.
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Publications connexes
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.