Why Bitcoin Fails Break above 10k? Multi- Timeframe Analysis
Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work
The reason for price to fail breaking above the 10k level is Monthly time frame and its triangle which holds with a strong support and resistances. Also the major key level became very supportive. When we count on the Elliot waves it has just finished off the 4th impulse withing the triangle and 5th to be bearish and price drop is expected up to 5k price levels. Still the structure is very promising for another major correction before year end in order to show some massive market gains. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work
The reason for price to fail breaking above the 10k level is Monthly time frame and its triangle which holds with a strong support and resistances. Also the major key level became very supportive. When we count on the Elliot waves it has just finished off the 4th impulse withing the triangle and 5th to be bearish and price drop is expected up to 5k price levels. Still the structure is very promising for another major correction before year end in order to show some massive market gains. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰
Profitlio Trading ( Since 2014 in Financial Markets )
________________________________________________
Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
