Hello Followers I am going to publish technical setup of BTCUSD, So share your opinion in comments about my analysis.
BTCUSD Is working close to the resistance area, the level of resistance area is 93680/94750. According to the current structure BTCUSD can fall from this resistance area. According to me BTCUSD will go for short from here till the 1st target around 90500 and 2nd target around 87000... Let me tell you that I have applied FIB RETRACEMENT also in which 87000 is near to 0.5 level of FIB RETRACEMENT.. I have also identified SHORT POSITION in the chart..
KEY POINTS:
ENTRY PRICE 93700
RESISTANCE AREA 93680/94750
TARGETS:
FIRST TARGET 90500
SECOND TARGET 87000
BTCUSD Is working close to the resistance area, the level of resistance area is 93680/94750. According to the current structure BTCUSD can fall from this resistance area. According to me BTCUSD will go for short from here till the 1st target around 90500 and 2nd target around 87000... Let me tell you that I have applied FIB RETRACEMENT also in which 87000 is near to 0.5 level of FIB RETRACEMENT.. I have also identified SHORT POSITION in the chart..
KEY POINTS:
ENTRY PRICE 93700
RESISTANCE AREA 93680/94750
TARGETS:
FIRST TARGET 90500
SECOND TARGET 87000
Trade closed: target reached
BTCUSD has successfully reached the target because it has reached to 84000...
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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.