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Technical analysis by kingtrader1996 about Symbol BTC: Buy recommendation (8/14/2023)

https://sahmeto.com/message/234942
kingtrader1996
kingtrader1996
Rank: 7537
1.5
Buy،Technical،kingtrader1996

Hi everyoneBitcoin analysis in four hours time frameThis analysis is based on parallel main channel and fibo channel and fibo retracement.The price is recovering the ranges of 30,400 and 31,400. And I checked the possible price movement,Good luck.The first tp can be 30000 rang,celling of main chanelThe price is still above the midline of the main channel, and it is trading, there is still a strong chance that the price will reach the 30,000 range. The stop loss is suggested at 29,070.Price supported by midlline of main channel and can touch 30000 for first stepBtc is ready to retest the very important pivot 29700 and also btc break again 0.38 fib retresment and fib parallel chanell that I drwan in this analysis

Translated from: English
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Signal Type: Buy
Price at Publish Time:
$29,494.86
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