In my previous analysis, I said that my sell zone for Btc is around 40k.
After a dip due to the Ukrain war, Bitcoin reversed and touched this zone, so I'm in my first sales set.
My outlook remains bearish despite this reversal and I maintain my opinion that rallies should be sold for a 33k target.
Keep in mind Btc's high volatility when you set SL and the fact that this resistance extends to around 42k.
Best of luck!
Mihai Iacob
After a dip due to the Ukrain war, Bitcoin reversed and touched this zone, so I'm in my first sales set.
My outlook remains bearish despite this reversal and I maintain my opinion that rallies should be sold for a 33k target.
Keep in mind Btc's high volatility when you set SL and the fact that this resistance extends to around 42k.
Best of luck!
Mihai Iacob
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.