BTC where is the bottom Part 3

BTC where is the bottom Part 3


BTC where is the bottom Part 3

BTC where is the bottom Part 3

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
BlackBirdTrading


BTC where is the bottom Part 3

Hi Birdies,

So many week passes since we did the bottom analysis so here it is.

Analysis

  • The Blue block is the order block which has higher chances of hitting because its getting support from 200 Weekly-MA
  • The Gray block which is untested and as per Smart Money concept everything should be mitigated. Also it is getting support from 300 Weekly-MA
  • This Gray block also has higher chances why? Because in covid-2020 BTC bottomed on 300 Weekly-MA the Red Dot

Actions

  • BTC will retest 50 Weekly-MA before coming down so 43,000 – 46,500 is the point of short
  • Meanwhile do swing trades and stay safe and blessed