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BITCOIN HEADED TO 50K ? - CRASH SOON ?

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Symbol - BTCUSD

CMP 60700

Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely.

In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support.

A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too.

P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
交易進行
CMP 61500

Bitcoin slipped to lower end of the liquidity zone and now reversing 2500 points that's the retracement I was talking about. I had taken long positions to play this reversal. Now I'm out of long positions & will watch out the price reaction to 62000 - 62500 area & will try to make short positions with small SL if getting any short setup & opportunity.
交易進行
CMP 62280

Time to look for short setup and create short positions!
交易進行
CMP 54000

8200 points down from my level.
falling non stop.
交易進行
Still struggling at 57-58K levels. Breakdown of recent lows (53-54K) will definitely take it to 50K and below.
手動結束交易
Trading closed on breakout of 58-59K zone.
交易進行
BTCUSD CMP 52731. Down 16% intraday
Looks like now it's gonna crash further.

P.S. : My short position is active from breakdown of 60300 & now holding with trailing SL.
交易進行
快照
交易進行
快照
交易結束:目標達成
CMP 49200

My BTCUSD target 50K reached.
Booking my short position here. Now I'll try to short again around 53-54K level.

What a fall!
60K to 49K within a day!
bitcoinpredictionbtcusdanalysisBTCUSDTcryptomarketDouble Top or BottomdoubletoppatternFundamental AnalysisfundamentalessupplyandemandzonesTrend Analysis

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