The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Technical outlook:
Bitcoin bears have yet again managed to hold prices below $59,000 interim resistance. Yesterday, Bitcoin had dropped through $55,300 levels before finding support again. We need to see a break below $53,000 interim lows, for bears to accelerate lower and proceed towards $47,000 at least. Please note the structure completes around $43,000 and $41,000 respectively.
Bitcoin is now seen to be trading around $56,500 mark at this point in writing and is expected to resume lower from here anytime soon. Immediate resistance stays at $65,000 while support is seen at $47,000 levels respectively. A break below $53,000 would open doors to test $47,000 and lower levels, going forward.
Bitcoin might be producing a corrective drop and the structure would complete around $43,000 levels or $41,000, levels which is also the fibonacci 0.618 retracement of the entire rally between $3,850 and $65,000 levels since March 2020 lows. We can expect bulls to resume higher from there and push prices above $65,000 mark.
Trading plan:
Remain short, stop @ 65,000, target @ 43,000
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
