Hello Traders!
Market dumped really hard after the 53K high, Previously I gave a reversal point near that level and I was expecting a drop to 48580 but it failed to hold the 48580 level and BTC moved to 42800 and pumped up but there was no reversal point at that level it means it is ready for more dump and it will touch true reversal point.
The previous reversal point is still a reversal point but now it will work in opposite direction and it will push the Market downside.
Always remember if the Market breaks any reversal point then it must retest it before moving to the next reversal point.
There is no other True reversal point before 39440 other than 45990 and it is already broken although BTC 4hr candle failed to close below 45990 but it is broken so we will dismiss this support and we will aim for 39440 and as always we will see pinpoint touch at 39440 and it will be the perfect entry for buyers.
Traders can look for sell entries from 48000.
Don't forget to hit the Like button and follow to stay connected
Market dumped really hard after the 53K high, Previously I gave a reversal point near that level and I was expecting a drop to 48580 but it failed to hold the 48580 level and BTC moved to 42800 and pumped up but there was no reversal point at that level it means it is ready for more dump and it will touch true reversal point.
The previous reversal point is still a reversal point but now it will work in opposite direction and it will push the Market downside.
Always remember if the Market breaks any reversal point then it must retest it before moving to the next reversal point.
There is no other True reversal point before 39440 other than 45990 and it is already broken although BTC 4hr candle failed to close below 45990 but it is broken so we will dismiss this support and we will aim for 39440 and as always we will see pinpoint touch at 39440 and it will be the perfect entry for buyers.
Traders can look for sell entries from 48000.
Don't forget to hit the Like button and follow to stay connected
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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.