BTC Short Term Analysis
BTC has been consolidating for a while, and is expected to make a good move for the short term either up or down within the period marked by the vertical white line.
Support is seen @40500 and Resitance @45000. These are important levels to watch for, breaking this will create a new medium term momentum.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
Support is seen @40500 and Resitance @45000. These are important levels to watch for, breaking this will create a new medium term momentum.
Target profit, stop loss, Risk Reward Ratio, and Position Size as per risk-taking potential.
The Market Fundamentals and Overall Crypto Market Sentiment should also be considered before any action.
Note: Not Investment/Trading Advice. Purely Personal Views. DYOR Before investing or trading. Not responsible for P&L arising out of this idea.
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