Hello trading friends,
This is a daily update for BTCUSDT depending on the last trends.
Bitcoin is at this moment still in the processing of a breakdown trend - depending on the trend study BTC is still in the risk zone, and there is still no reason to enter the long term depending on this update.
This update is not for those doing dollar cost average or any trading plan.
What next?
We see a BTC trend that did get before 3 pumped times from the 35k+ area where at this point we have a stable trend.
Depending on before studies and as the ETN tool shows that the trend could go to 41900
From there we need to confirm and to check or we will have a new confirmed breakdown trend that could bring BTC even more below - or it will be a place where the trend can return. so 41900 very important Split zone.
Don't expect 1 line breakdown trend - the trend will have also manipulation trends as it did show before for the breakdown trend.
it could also show some trend increases, as it looks trends are back. but check the main trend - and it's about the end goal, as we did on all before ETN updates.
Whale tricks
Sometimes when the trend has not the right volume to break down - they pumped it myself, and from there it breakdown with better volume as there is a good price change. For this reason, it's better to trade Spot than high-risk futures - depending on manipulation trends.
And also BTC can go back to 44K - 45K first before the dump. but this is not a must.
Even if BTC breaks the 45K depending on ETN there is a high chance of a crash trend.
Have a great day.
This is a daily update for BTCUSDT depending on the last trends.
Bitcoin is at this moment still in the processing of a breakdown trend - depending on the trend study BTC is still in the risk zone, and there is still no reason to enter the long term depending on this update.
This update is not for those doing dollar cost average or any trading plan.
What next?
We see a BTC trend that did get before 3 pumped times from the 35k+ area where at this point we have a stable trend.
Depending on before studies and as the ETN tool shows that the trend could go to 41900
From there we need to confirm and to check or we will have a new confirmed breakdown trend that could bring BTC even more below - or it will be a place where the trend can return. so 41900 very important Split zone.
Don't expect 1 line breakdown trend - the trend will have also manipulation trends as it did show before for the breakdown trend.
it could also show some trend increases, as it looks trends are back. but check the main trend - and it's about the end goal, as we did on all before ETN updates.
Whale tricks
Sometimes when the trend has not the right volume to break down - they pumped it myself, and from there it breakdown with better volume as there is a good price change. For this reason, it's better to trade Spot than high-risk futures - depending on manipulation trends.
And also BTC can go back to 44K - 45K first before the dump. but this is not a must.
Even if BTC breaks the 45K depending on ETN there is a high chance of a crash trend.
Have a great day.
Note
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.
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.