BTCUSDT – Bounce on support area

Bitcoin / TetherUS BINANCE:BTCUSDT

Scribes

This is an update to my previous posting, and more details into my analysis of the current developments.
Need to keep in mind that after a strong selloff, a correction rally was to be expected. So we dont have confirmation of a trend change yet.
Also – traders will be looking at the US CPI reading prior to any further action. In any case my pending trade is a “pending” trade 🙂 and it is well positioned to avoid the risks of any lower slide below the identified support area .

You might be interested in …

Trading View April 1, 2022

Market Manipulation: Crypto Pump and Dump Schemes

Market Manipulation: Crypto Pump and Dump Schemes Bitcoin / TETHER COINEX:BTCUSDT arquilis If you look at the price charts for many cryptocurrencies, there is often a very sharp , sudden spike in their earlier days. […]

Trading View May 4, 2022

$XLM Read description- MY OPINION

$XLM Read description- MY OPINION XLM / Dollar BITFINEX:XLMUSD therealbudlightyr Something else to think about. Not everything is TA. No good or bad news has hit XLM . Where would be the rush to sell? […]

Trading View February 24, 2022

BITCOIN 6H TA : 02.25.22 $BTC

Bitcoin 6H TA : 02.25.22 $BTC Bitcoin / TetherUS BINANCE:BTCUSDT ArmanShabanTrading The price exactly fell to the level that we predicted before in the previous analysis and then rebounded exactly from that level ($ 34,400 […]