Hey Everyone, This is BTC Short Term Chart Technical Analysis which shows of course two scenarios but clear levels for trading.
The Trade set up is as follow:
If the Support trend line broke, we will wait for a pullback and confirmation which do not be a Fakeout then we will enter a short position with a stop loss above the support trend line and our targets are: 39700, 38850, 38100, 37000.
Or if the Price and candles remained above this support trend line we can open a long position for targets 42200, 44000 for short term.
Do not forget that this is not a buy or sell advice it's just my own opinion and technical Analysis. Do consider risks and manage it well.
Good Luck everyone.
The Trade set up is as follow:
If the Support trend line broke, we will wait for a pullback and confirmation which do not be a Fakeout then we will enter a short position with a stop loss above the support trend line and our targets are: 39700, 38850, 38100, 37000.
Or if the Price and candles remained above this support trend line we can open a long position for targets 42200, 44000 for short term.
Do not forget that this is not a buy or sell advice it's just my own opinion and technical Analysis. Do consider risks and manage it well.
Good Luck everyone.
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