Posts
avatar

#Bitcoin nearly completed a full reversal after filling 100% of resistance channel. In our last TA we highlighted the importance $84k in triggering the reversal — this region turned into resistance during month October, signaling the start of reversal. Now #BTC price is approaching the upper zone of support channel offering an opportunity to begin closing out the Short Hedge Position. The targets are below $78k — down to lower base of $71k–$68k At same time, the advanced Long Position we began building within resistance channel — to protect against increased exposure in hedge should price advance through another subcycle — has an average price near $80k, with new orders to increase the Long Position also beginning to trigger below $78k, with a final target of $71k–$68k. The goal is to bring the average price of Long Position to $73k–$75k The primary expectation is that rotation will continue until the support channel is completely filled — at some point. patience is key!

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment