I think $BTC will dump more ๐
Post
Yash_CX
ยท
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Bullish๐The next few hours are crucial for $BTC . ๐ฒWill the currently held $109,360 Bullish OB be broken, and the next stop is 125K๐.BTCUSD IMPORTANT UPDATEโผโผ
๐ธHow are you all? Here is my third SMC update for BTC. So, since the market has crashed by now, many people are afraid of what kind of movement it will take next. So here is a detailed description. See all the charts related to the update below๐
๐นOkay, then if you take the BTC 1DAY chart, you can see a bearish structure. So, if you look at this bearish trend from a technical perspective, a bearish rising wedge pattern has been formed. So, this dump has unexpectedly dumped from around 124k to a price level of around $108,715. According to SMC, the last high is at $124,377, and the last high-high is here. So we can see that the lower support line has been broken in this chart pattern. Then the low high was made and before the big dump, this support line was retested. So the dump from there is what continues. So far, BTC has stopped in a valid order block. So there is a chance for the market to pump again from here. So this OB has been made with a BOS. Even if an entry is made from here, there will not be a big SL. If there is a pump from here, you will definitely get a big gain of 17.07%. So I think the next stop is $125,000. We need to be very careful about this area in the next few days. So I think this will be important for everyone. Share your thoughts below. Have a good day ๐.
#MarketPullback
๐ธHow are you all? Here is my third SMC update for BTC. So, since the market has crashed by now, many people are afraid of what kind of movement it will take next. So here is a detailed description. See all the charts related to the update below๐
๐นOkay, then if you take the BTC 1DAY chart, you can see a bearish structure. So, if you look at this bearish trend from a technical perspective, a bearish rising wedge pattern has been formed. So, this dump has unexpectedly dumped from around 124k to a price level of around $108,715. According to SMC, the last high is at $124,377, and the last high-high is here. So we can see that the lower support line has been broken in this chart pattern. Then the low high was made and before the big dump, this support line was retested. So the dump from there is what continues. So far, BTC has stopped in a valid order block. So there is a chance for the market to pump again from here. So this OB has been made with a BOS. Even if an entry is made from here, there will not be a big SL. If there is a pump from here, you will definitely get a big gain of 17.07%. So I think the next stop is $125,000. We need to be very careful about this area in the next few days. So I think this will be important for everyone. Share your thoughts below. Have a good day ๐.
#MarketPullback