Analysis $BTC on June 19:
- Timeframe D: BTC yesterday moved within a range of 2k prices from 1055-1035. Also because I believe BTC will have a downward trend, the upward trend has broken, so I advised everyone to make 2
Short rounds quite okay. Of course, I still got caught in a fomo Long because I regretted the upward plan.
Chart D is still in a downtrend. Today there are a few signals of price increase, however, due to the strong resistance area near 1055-1058, I think BTC still cannot rise.
Main support: 103-104
- Timeframe D4: Candle D5 continues to be pulled down to enter the downtrend. The 104x area is also the main support area of chart D4. If it breaks through, it could go down as deep as 9x.
- Timeframe W2: At the end of this week, W2 will close its candle. W2 is just starting to enter an upward wave. However, the signs of a peak are very clear, the index is too high, not a good area to continue going higher. Overall, in the 104x area, all larger timeframes look very bad.
=> Analysis:
- BTC continues to decrease according to the main trend.
- This area is the 50-50 crossover of the larger timeframes, so the price is still fluctuating in the 104-105 range. But in the last 3 days of this week, there will definitely be a long candle to confirm the trend.
- Detailed price areas will be updated in zl.
Wish everyone good luck!
- Timeframe D: BTC yesterday moved within a range of 2k prices from 1055-1035. Also because I believe BTC will have a downward trend, the upward trend has broken, so I advised everyone to make 2
Short rounds quite okay. Of course, I still got caught in a fomo Long because I regretted the upward plan.
Chart D is still in a downtrend. Today there are a few signals of price increase, however, due to the strong resistance area near 1055-1058, I think BTC still cannot rise.
Main support: 103-104
- Timeframe D4: Candle D5 continues to be pulled down to enter the downtrend. The 104x area is also the main support area of chart D4. If it breaks through, it could go down as deep as 9x.
- Timeframe W2: At the end of this week, W2 will close its candle. W2 is just starting to enter an upward wave. However, the signs of a peak are very clear, the index is too high, not a good area to continue going higher. Overall, in the 104x area, all larger timeframes look very bad.
=> Analysis:
- BTC continues to decrease according to the main trend.
- This area is the 50-50 crossover of the larger timeframes, so the price is still fluctuating in the 104-105 range. But in the last 3 days of this week, there will definitely be a long candle to confirm the trend.
- Detailed price areas will be updated in zl.
Wish everyone good luck!
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BTC
103,271.86
-1.36%