Hi,

First of all, congratulation everyone, who followed the trade from last post. We got 40% profit. In this post we will discuss about the potential move for bitcoin .

Right now, BTC is at 39-40 k resistance zone . After the recent dump, we cant see any whale buy which suggest still BTC lower is out there. From last 4, 4 hours candle we don’t see enough strength in volume , which can break 40K. Moreover, Bitcoin is following a ascending channel and the bottom is around 35.5K. As BTC already visited 37K support recently, I am expecting a dump towards 35.5 -36K. Furthermore, EMA ribbon giving all types of resistance at 39-40 k range. All suggest a good drop.

10X leverage only.
Short Entry : 38.8K-39.2K
Stop loss: 39.9K
Take Profit: 35.6K (Safest option: 36298)

Thanks.

Regards,
A friend who does trading mistake like you 🙂