BTC- My Analysis.
BTC is still running in the accumulation phase. 2 weeks ago I shared the targets of 40k and now it's happening.
1st Scenario: If BTC doesn't hold 40k to 38k level on a daily candle then we will enter into the bearish market and the market will fully likely turn into the bearish market. ( Head and shoulder pattern break scenario )
2nd Scenario: One of the most likely scenarios is a reversal from 40k to 38k level.
What I am expecting: 65% up and 35% down Confidence level for the downtrend. As a trader, I will watch and put the stop losses on my longs as well as spot trades. Never Open any trade without stop loss.
-----Your Truly : Basit Khan
1st Scenario: If BTC doesn't hold 40k to 38k level on a daily candle then we will enter into the bearish market and the market will fully likely turn into the bearish market. ( Head and shoulder pattern break scenario )
2nd Scenario: One of the most likely scenarios is a reversal from 40k to 38k level.
What I am expecting: 65% up and 35% down Confidence level for the downtrend. As a trader, I will watch and put the stop losses on my longs as well as spot trades. Never Open any trade without stop loss.
-----Your Truly : Basit Khan
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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.