BITCOIN negative growth?
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Good afternoon, as we know September is the month of US reports and the reddest month for negative growth in the US since 1950, tomorrow we can expect a lot of shocking news in both geopolitics and financial sector. The SPX500 index is also waiting for a reaction to the closing of the 3751 Gap, if it holds, bitcoin will go up, if not SEELVY. Anything below 19600 looks like a SHORT, I will describe both scenarios for you now.
SHORT
Everything below 19600 points looks downwards, and you also need to watch carefully the 19200 area. If you sell this level, you will go to the 18100-17600 low.
LONG
Bitcoin needs to break through the 19600 level and confidently trade higher, also protect this zone without breaking the upward structure, in this situation, the next seller's level is $20050, followed by $20500. Extra target is 21400.
Take care of your deposits and be patient)
P.S.
In the analysis of the tool I do not adhere to the time frame, the reaction in the tool can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well and a few more secrets, this material is not a trading recommendation )))
Good afternoon, as we know September is the month of US reports and the reddest month for negative growth in the US since 1950, tomorrow we can expect a lot of shocking news in both geopolitics and financial sector. The SPX500 index is also waiting for a reaction to the closing of the 3751 Gap, if it holds, bitcoin will go up, if not SEELVY. Anything below 19600 looks like a SHORT, I will describe both scenarios for you now.
SHORT
Everything below 19600 points looks downwards, and you also need to watch carefully the 19200 area. If you sell this level, you will go to the 18100-17600 low.
LONG
Bitcoin needs to break through the 19600 level and confidently trade higher, also protect this zone without breaking the upward structure, in this situation, the next seller's level is $20050, followed by $20500. Extra target is 21400.
Take care of your deposits and be patient)
P.S.
In the analysis of the tool I do not adhere to the time frame, the reaction in the tool can happen earlier or later. It is important to understand the price movement when reacting to the level, as well as the reaction of the buyer and the seller. Well and a few more secrets, this material is not a trading recommendation )))
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