BTC ROAD TO 52K!!

2 мая

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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BTC ROAD TO 52K!! 📚

👉As we can see price is still overall bullish from a long-term perspective, trading inside this rising broadening wedge pattern, Moreover, from a medium-term perspective, price started in a correction movement, Trading inside a falling channel.

👉Then, as we mentioned in our previous analysis attached on the chart, If the price managed to break below 60k Then expect a movement lower till the next reject zone which will be around 50k-52k, Where the price will be around a demand zone and our rising trendline from a long term, where we will be interested in looking for new longs.

👉Unless price managed to trade again higher till 60k resistance zone, Then we will be looking for new short as a trend-following of our medium-term trend. 📚


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and as usual follow your trading plan and manage your risk.

Be patient and good luck!