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BTC Retracement Zone
Atualizado
hello mates what are your thoughts on BTCUSD.
Current Price: 99300
Market is ready for sell retracement as it has been unable to drop to its supporting area 95000. Now 99500 Area is a sell retracement area and from this position market's next target will be 97500. After breaking out this area market will enter liquidity zone 95500 as it can show a little support to BTC. if market breaks 95500 position then it will further drop up to 92000.
Key Positions:
Resistance: 100500, 101500
Supporting Area: 95500, 92000
Note:
Target 1: 97500
Target 2: 95000
Stop Loss: 102000
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Current Price: 99300
Market is ready for sell retracement as it has been unable to drop to its supporting area 95000. Now 99500 Area is a sell retracement area and from this position market's next target will be 97500. After breaking out this area market will enter liquidity zone 95500 as it can show a little support to BTC. if market breaks 95500 position then it will further drop up to 92000.
Key Positions:
Resistance: 100500, 101500
Supporting Area: 95500, 92000
Note:
Target 1: 97500
Target 2: 95000
Stop Loss: 102000
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Trade ativo
Target1 Reached: 97500
Total Pips Achieved: 230 from 99500 to 97200
Market gave us 230 pips and reached out target 1 97500 but it could not break this position and utilized this alzone as a supporting area for BTC. Now I will publish an other idea with updated levels and areas.
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