Forwarded from {VVIP} Accurate Trades π
π Yesterday, I pointed out to you the enormous passive demand for BTC in the $50,000β$60,000 range. And today, weβre already seeing a sharp drop in price toward that zone.
π₯ The nearly 5% drop in the price of BTC generates a profit of $224,300.
π₯ The nearly 5% drop in the price of BTC generates a profit of $224,300.
Forwarded from {VVIP} Accurate Trades π
#XAGUSD
#Silver is finding crucial support at the 61 level. A bounce from this zone could see price target the following resistance levels: 73.09, followed by 78.82 and 83.05. However, if price gets rejected at resistance, the bearish Scenario C remains in play, potentially driving a move down toward the 55 area.
#Silver is finding crucial support at the 61 level. A bounce from this zone could see price target the following resistance levels: 73.09, followed by 78.82 and 83.05. However, if price gets rejected at resistance, the bearish Scenario C remains in play, potentially driving a move down toward the 55 area.
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#BTC/USDT ANALYSIS
Bitcoin is consolidating within a descending broadening wedge pattern and is currently holding above a key horizontal demand zone.
As long as this support level remains intact, a bullish rebound and upward rally remain likely.
However, a breakdown below the demand zone would weaken the structure and could lead to further downside in the market.
Bitcoin is consolidating within a descending broadening wedge pattern and is currently holding above a key horizontal demand zone.
As long as this support level remains intact, a bullish rebound and upward rally remain likely.
However, a breakdown below the demand zone would weaken the structure and could lead to further downside in the market.