Update on Bitcoin: decision level is approaching

已更新

I am still expecting the price to test monthly open at $7500 as we have outlined earlier. If we will close H4 above $7500 it's bullish and we can target $8000.

If we will reject H1/4 at $7500 I am expecting to take lows (sell-side liquidity) at $7000.

Plan:

1) If hourly can close above $7550 it is a bullish sign and price will expand to $8000 level
2) We are approaching big resistance which caused rejection at $7500 level and still, we have un-tested two key supports at $6900 and lower. So if there will be hourly rejection or not enough strength to push and close above $7550 then I will take shorts down to $7000

註釋

First signs of weakness as we have outlined at $7500.

註釋

I do a daily observation of major currencies in forex and crypto. Do not miss any move, high-valued analysis or educational content.

Telegram: t.me/ADA_Public
Twitter: twitter.com/trader_ada

__________________________________________________________________________________________________________________

I've been analyzing for some time which exchange/broker is best for trading all-assets (crypto, forex, gold,..).

PrimeXBT (tight spreads, up to 1000x leverage, 24/7 support, lowest fees, no slippages, no overloads, quick withdrawals, No KYC).

go.primexbt.com/click?pid=507&offer_id=12
__________________________________________________________________________________________________________________

註釋

If we will lose $7300 then I am expecting the price to visit $7000 and lower as stated in analyze.

註釋

Rejection at our pre-defined level. Expecting taking out equal lows at $7000 and filling CME gap.

註釋

found support on our pre-defined level and followed by rally +5.5% gain, -30$ drawdown from our support

註釋

We have set up Discord for our community and here is a link:

discord.gg/3myy2DB

Please join and enjoy staying there

What is there?
- swings setups + live management of these setups
- weekly reviews
- requests charts for particular coins

UnknownUnicorn6034472