BTCUSD confirmed the weakness at the trendline resistance zone on the h4 time frame.
The h1 time frame price confirmed that the sellers won when the candle closed below the nearest trendline support zone.
In terms of wave structure, there is no strong support zone that is strong enough to keep the BTC price uptrend in the short term. Therefore, the target of the SELL signal can reach 100,400. That is the wick area of the past liquidity candle where the buyers won over the sellers and pushed the price up sharply.
The h1 time frame price confirmed that the sellers won when the candle closed below the nearest trendline support zone.
In terms of wave structure, there is no strong support zone that is strong enough to keep the BTC price uptrend in the short term. Therefore, the target of the SELL signal can reach 100,400. That is the wick area of the past liquidity candle where the buyers won over the sellers and pushed the price up sharply.
Trade active
SELL signals Active with some profit coming to Target 100.400
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
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.