Hello Followers I am going to publish technical setup of BTCUSD, So share your opinion in comments about my analysis.
BTCUSD is working at a major support area, from where buyers are highly active. The level of support area is 79900/78900.. According to me BTCUSD will rise from this major support area and will reach to first target around 83500, first target also works as resistance area and if BTCUSD break this then will reach to the second target around 86400, let me tell you that second target works also as a FIB RETRACEMENT 0.5 Level , I have applied FIB RETRACEMENT and I have also applied the long Position in the chart..
KEY POINTS:
ENTRY PRICE 79500
SUPPORT AREA 79900/78900
TARGETS:
FIRST TARGET 83500
SECOND TARGET 86500
CANCEL TRADE 76500
BTCUSD is working at a major support area, from where buyers are highly active. The level of support area is 79900/78900.. According to me BTCUSD will rise from this major support area and will reach to first target around 83500, first target also works as resistance area and if BTCUSD break this then will reach to the second target around 86400, let me tell you that second target works also as a FIB RETRACEMENT 0.5 Level , I have applied FIB RETRACEMENT and I have also applied the long Position in the chart..
KEY POINTS:
ENTRY PRICE 79500
SUPPORT AREA 79900/78900
TARGETS:
FIRST TARGET 83500
SECOND TARGET 86500
CANCEL TRADE 76500
Trade active
BTCUSD has reached to the first target successfully .. it will rise more Trade closed: target reached
BTCUSD has successfully reached the target.. enjoy it 
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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.