Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
BTC QUICK UPDATE 📚
👉As we can see price is still from a medium-term perspective overall bullish trading inside this rising broadening wedge pattern.
Moreover, price approached a massive rejection zone, which is our all-time high 68k-70k, where we will be looking for new shorts as well, adding on, price is sitting around our upper bound of the rising broadening channel, acting as an over-bought zone.
👉If we had this rejection and price traded lower, then we will be looking for new longs as a trend-following one.
Unless OfCourse price managed to break above 70k, then a movement higher would be expected. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
BTC QUICK UPDATE 📚
👉As we can see price is still from a medium-term perspective overall bullish trading inside this rising broadening wedge pattern.
Moreover, price approached a massive rejection zone, which is our all-time high 68k-70k, where we will be looking for new shorts as well, adding on, price is sitting around our upper bound of the rising broadening channel, acting as an over-bought zone.
👉If we had this rejection and price traded lower, then we will be looking for new longs as a trend-following one.
Unless OfCourse price managed to break above 70k, then a movement higher would be expected. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!