$BTC lookin bearish and can visit more lower areas in upcoming times. It's not time to sell , it's to buy but at correct s.l with proper entry , exit and s.l points. Let's analyze chart and share specific entry , exit and s.l point. In today article we will discuss these two things:-
Analysis Of #BTCâ
#Bitcoinâ Spot Trade Setup
1. Analysis Of BTC:-
đžFirst of all we will discuss chart according to pivotal points on 4H TF and then we will discuss about technical analysis on 8H TF.
đžIf we look on above chart then two horizontal areas marked. One is in yellow and other one is in grey color. Yellow area shows FVG and gray area mentioned for order block. Most probability we see support at FVG and then a quick wick to Order block and then trend reversal. It's what pivotal points are indicating.
đž According to technical analysis we have a trend line support at $56,350 - $56,800 as shown in below chart.
2. BTC Spot Trade Setup:-
Entry Point:-
$58,100
$57,400
$56,800
Target đŻ Point:-
$60,952
$63,684
$65,920
Stop Loss:-
$55,830
Note:-
Buy on each entry with 30% portfolio.
Don't forget to use s.l
It is mid term trade so can take 4-7 days to complete.
Do your own research before investing as it's for knowledge purpose only not a financial advice.