https://tradingview.sweetlogin.com/x/6FVg7DR3/
BTCUSD CONSOLIDATES BEFORE NEXT HIKE📈
Bitcoin has been under buying pressure since the beginning of July 9. Since July 14 the price has been consolidating. Now the graph represents the bullish pennant.
I expect the price to continue trading sideways for some time, then rebound from the trendline and move towards first major liquidation level at 127,400.00.
What is a liquidation Level?
The price at which a crypto exchange forcibly closes a leveraged position when margin falls below the required level, recovering borrowed funds.
BTCUSD CONSOLIDATES BEFORE NEXT HIKE📈
Bitcoin has been under buying pressure since the beginning of July 9. Since July 14 the price has been consolidating. Now the graph represents the bullish pennant.
I expect the price to continue trading sideways for some time, then rebound from the trendline and move towards first major liquidation level at 127,400.00.
What is a liquidation Level?
The price at which a crypto exchange forcibly closes a leveraged position when margin falls below the required level, recovering borrowed funds.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
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.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
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.