BTCUSD 7400/7500USD heavy resistance in spotlight(NEW)

30 de mar. de 2020

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So without further due. Keep it short/simple and to the point.

BTCUSD 7400/7500USD heavy resistance in spotlight(NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
and always do your own due dill. thank you.
Tagged as LONG as short-term I expect more gains
before reversal/dump.

Ok guys, how are you doing today? This is BTCUSD
4 daily chart chart we got in spot light right now.

Price contained within bear channel on 4D chart,
previously we had a nice bounce develop near
the lows (sub 4k usd).
Most likely outcome right now: re-test 50%
of this big dump and then another flush
no form a double bottom near 4 000 USD.
I'd expect the bigger move to develop
after BTC can establish a stronger DB
pattern on higher TF, just like it did
with the double top before the major
sell off.

Recommended strategy:
short-term bulls may BUY at market (6400)
and exit near 7400 (higher risk)
mid-term bears look to SELL near 7400
TP1 5400 TP2 4400.

good luck traders!

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