BTC Daily - Breakdown is possible👀

31 авг. 2022 г.

BTC dropped down yesterday, as I told you and gave signal to open shorts.


In the night we did a pullback and came back to the zone, where drop has started. After some accumulation, buyer wasn't strong enough and failed to break the zone up.
Price did stop-loss hunt of people who put their stoplosses above the zone and dropped down afterwards.

At the bottom we see trendline that will act as support for now. We will approach it for the 3rd time.

There 2 ways BTC can go if it approaches trendline.
1. On the approach appears volume. It would be a sign of reversal and we will bounce up📈
2. On the approach volume decreases. It would be a sign of continuation of the movement down📉

Also if BTC comes back to the top of the zone on high volume, it would mean that buyers are strong and would be a good signal to open long📈

What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones