BTCUSD created double bottom and more rise is expected

26 Apr 2021

As we talked about it ,the bitcoin break falling trendline and start to pump from zone that we expected :

now one important thing here is this that price is receiving and reaching resistance zones one after each other
but maybe we have some littlie correction here and then again pump to our Bullish scenario targets .
Targets :
A. 54600
B. 56600
C. 59400
Double Bottom formed too and that is strong bullish pattern and if you see price fall a little more than the first bottom and the reason is simple
beacuse some traders try to enter at lowest possible price with high leverage and maybe this was fake breakout but the amount was about 500$ so not big deal but some stop loss set on 47000 and that was not good idea setting stop loss around round number is not good idea
if you are going to set stop loss be care full to set it not on round number like 50K 47K and ... give it a little chance beacuse market respect these areas
Notice : Red trendlines on chart are resistance and price can react to these resistance zone and fall a little .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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26 Apr 2021

Catatan

price is reaching strong resistance zone ahead