$58800 can still be in cards if bears become aggressive after $60000. Lets wait and watch
#NFA Given market condition,shorts from resistance area may be a better trade than long from short term support
😊🔥🔥👉🏼 BTC ki abhi ke liye last update - $61580 se lekar $62450 ka area Bears ne dominate kar rakha hai and unko yeh protect karna padega if they want to take market down and Bulls will try to go above it ! I will update you if I see anything, but keep an eye on above mentioned Zones.
CPH Updates
😊🔥🔥👉🏼 BTC ki abhi ke liye last update - $61580 se lekar $62450 ka area Bears ne dominate kar rakha hai and unko yeh protect karna padega if they want to take market down and Bulls will try to go above it ! I will update you if I see anything, but keep an eye…
This is what I meant when I said "short from resistance is a better trade at this time than long from short-term support". Price ko poora 1 hr laga $61580 wale area mein aane ke liye and sirf 30 mins to come down to area of interest. And this also shows that bears are trying hard to protect above mentioned resistance zone of $61580-62450. 🙏🏼
https://www.tradingview.com/x/ZN4gcb3m/
https://www.tradingview.com/x/ZN4gcb3m/
TradingView
TradingView Chart
Now, we have to be careful after this NEWS and let it play out - https://www.nytimes.com/2021/10/18/business/dealbook/bitcoin-etf-proshares.html
NY Times
Bitcoin Comes to the Big Board
An exchange-traded fund tied to the cryptocurrency is set to begin trading on the New York Stock Exchange, a milestone for the industry.
NEWS like this 👆🏼👆🏼MAY temporarily fluctuate market, but trading fundamentals remain same.
CPH Updates
At present for BTC $60500-60900 is critical zone, if bull don;t hold it then we can see around 60,000 or even low
Buyers stepped in at $59900, Lets see what they do $62600 resistance Zone
Given the buying & selling activity from past 4 days, Today's Strong Daily close above $62900 can be a very important for Bulls. Bull showing much strength for now, But Bears have their position set from $60500-62750 This is getting Interesting!
IMP -> 🔥🔥👉🏼 Did some calculations and took help from some data points and seems like $61200-61400 area is very important for Bulls and can be a good support level. If I have to enter any new long trade in BTC, I will keep an eye on this area!
https://www.tradingview.com/x/342ddEaD/
https://www.tradingview.com/x/342ddEaD/
TradingView
BINANCE:BTCPERP Chart Image by CryptoPointHindi
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CPH Updates
BTC new ATH🔥🔥 https://twitter.com/CryptoPointHi/status/1450823131602563080?s=20
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Twitter
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CPH Updates
https://www.tradingview.com/x/T8LfolSU/
If you are still waiting for Safe entry part 1 and 2, I would request you to please cancel those orders for now.
At moment like this, we need to constantly monitor the market for good entries and I am heading to bed so I won't be able to update you.