Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
UPDATE FOR BTC/USDT
As we can see price is trading above our support zone,
So, for now 20k is acting as a strong support zone.
However, price is clearly bullish making higher highs and higher lows.
For the bears to kick in and start the correction movement we need a break below the marked major swing low as shown in the picture
Then a further movement lower would be expected to be searching for new longs as we will be approaching the support again
Until that happens, we are bullish, and we can still trade higher and higher.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
UPDATE FOR BTC/USDT
As we can see price is trading above our support zone,
So, for now 20k is acting as a strong support zone.
However, price is clearly bullish making higher highs and higher lows.
For the bears to kick in and start the correction movement we need a break below the marked major swing low as shown in the picture
Then a further movement lower would be expected to be searching for new longs as we will be approaching the support again
Until that happens, we are bullish, and we can still trade higher and higher.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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Glad to see you there: t.me/Snipers_F_x