Market Update on $BTC and let's talk about the trade we take recently
Below are images of multiple time frame and multiple strategies analysis and short fundamental update
There are Range and Trend or different indicator base strategy and the trade we take are on multiple confirmation
1) H4 analysis
BTC is following Range strategy and according range its in Buying zone and newly create demand zone by acceping inside range
demand zone means buyers are active
How i know demand zone form ?
if you see BTC chart on H4 so you see range so first market give breakdown and then accept inside range means buyers are active and create demand zone + High volume bullish candle
45mint analysis ( short market update )
BTC is also in range on 45mint with buying zone of below 60k with targets of 63k (above entry of last trade) we also see some bullish trend breakout + supportive strong bullish trendline which formation has been completed
RSI indicator analysis
On multiple timeframe RSI is an oversold means slightly upside correction must be expected , Also forming strong strong divergence which lead massive pumps
1d analysis :
On 1D we can see clearly multiple hammers / wicked candle indicating that sellers might be losing strengthand good reversal can be seen with TP of 66k
Fundamental analysis
Recently Iran USA deal has been signed but 3 days later USA and Iran war again started TRUMP furios tweets toward Iran lead massive downside movement
Despite of this our buyimg zone remains strong and didn't trigger SL if you do partial multiple buying so you are safe with AVG entry around 61k
Niether is Financial advice
Dont trade on my post
i only share my thoughts or those things which i do
Below are images of multiple time frame and multiple strategies analysis and short fundamental update
There are Range and Trend or different indicator base strategy and the trade we take are on multiple confirmation
1) H4 analysis
BTC is following Range strategy and according range its in Buying zone and newly create demand zone by acceping inside range
demand zone means buyers are active
How i know demand zone form ?
if you see BTC chart on H4 so you see range so first market give breakdown and then accept inside range means buyers are active and create demand zone + High volume bullish candle
45mint analysis ( short market update )
BTC is also in range on 45mint with buying zone of below 60k with targets of 63k (above entry of last trade) we also see some bullish trend breakout + supportive strong bullish trendline which formation has been completed
RSI indicator analysis
On multiple timeframe RSI is an oversold means slightly upside correction must be expected , Also forming strong strong divergence which lead massive pumps
1d analysis :
On 1D we can see clearly multiple hammers / wicked candle indicating that sellers might be losing strengthand good reversal can be seen with TP of 66k
Fundamental analysis
Recently Iran USA deal has been signed but 3 days later USA and Iran war again started TRUMP furios tweets toward Iran lead massive downside movement
Despite of this our buyimg zone remains strong and didn't trigger SL if you do partial multiple buying so you are safe with AVG entry around 61k
Niether is Financial advice
Dont trade on my post
i only share my thoughts or those things which i do