BTC is In a SafeZone Until Price is Above This Major Trendline.
Hello Dear Traders,
(Crypto Market Cap : 500 Billion , BTC Dominance:62.2%)
After Major Crash in BTC from last 1 Day btc is sideways as expected in last idea. BTC found support Between 16250-16800 area
as u can see in a chart once price touched white trend-line price stopped further decline bcoz this trend-line is plating very important role to sustain bullish trend of btc bull run. until btc price is trading above this trend-line btc is in a safe zone.
Please have a look at our next post of BTC Supply and Demand Zones, in tht we will discuss upside price potential.
One More concerning thing happened yesterday is after crash BTC whales deposited heavy supply of btc across crypto exchanges. whales are active in exchanges now next few days price may be in sideways range. if BTC breaks this white trend-line then we can conclude that whales are dumping there btc on exchanges. Trade carefully next few days!!!
Today Chinese Police Seized Crypto assets worth 4.2 billion last year PlusToken Ponzi Scheme. authorities seized 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167 Dash, 487 million XRP, 6 billion DOGE, 79,581 BCH and 213,724 USDT frm 7 individuals convicted in scam. this thing is remind us MtGox case.
In Next Post We will cover BTC important newly formed supply and demand zone also we will cover ETH and LTC chart.
Thank You
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
(Crypto Market Cap : 500 Billion , BTC Dominance:62.2%)
After Major Crash in BTC from last 1 Day btc is sideways as expected in last idea. BTC found support Between 16250-16800 area
as u can see in a chart once price touched white trend-line price stopped further decline bcoz this trend-line is plating very important role to sustain bullish trend of btc bull run. until btc price is trading above this trend-line btc is in a safe zone.
Please have a look at our next post of BTC Supply and Demand Zones, in tht we will discuss upside price potential.
One More concerning thing happened yesterday is after crash BTC whales deposited heavy supply of btc across crypto exchanges. whales are active in exchanges now next few days price may be in sideways range. if BTC breaks this white trend-line then we can conclude that whales are dumping there btc on exchanges. Trade carefully next few days!!!
Today Chinese Police Seized Crypto assets worth 4.2 billion last year PlusToken Ponzi Scheme. authorities seized 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167 Dash, 487 million XRP, 6 billion DOGE, 79,581 BCH and 213,724 USDT frm 7 individuals convicted in scam. this thing is remind us MtGox case.
In Next Post We will cover BTC important newly formed supply and demand zone also we will cover ETH and LTC chart.
Thank You
Please share your opinion and leave a comment and / or give it a like.
This trading idea has been presented to you by ROHITWORKSS
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