BTCUSD is in range zone again breakout to downside and huge fall

Before starting lets take look at higher time frame and weakness :

As you can see important channel and support of Bitcoin broke and now after retesting that falling again is expected.

but for now this when we take look at 30Min time frame we can see that maybe market is reacting like previous time and this range here maybe is not sign of strength and rise and what is obvious is this that after breakout to down side we are looking for at least drop to green lines that mentioned on chart .
Green lines :

Targets:
A. 53000$
B. 51500$
C. 49400$
D. 46400$

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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تعليق:

daily candles are still waiting too if resistance break then uptrend :