BTC is making head and shoulders pattern in 1 day time frame
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At this moment price rose up to resistance zone which I indicate in previous Idea and already made bounced down.
I think that Btc will continue to decline, Btc can make new a little upward movement maybe to zone 45.000-47.000 but I think not higher.
And I think then BTC will continue to fall.
Fist strong support zone will be around local low at 33.000 USD, it's can be area 32.000-34.000 USD
After this I think price can make a little upward correction to 37.000-38.000 USD
But then I think price will continue to fall below MAY low at 29.000 USD.
Our main support zone will be around 25k USD 26.000-24.000 in this area I think we will need to buy BTC and alts because after this I expect upward movement to 40 .000-45.000 USD
So, I'm waiting for this scenario.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.