Bitcoin is in the trend reversal zone. A new downward channel is being formed, which clearly observes its boundaries. After testing the local support at 42120, the price makes a local false breakout and does not roll back
Since the trend is down, the formation of descending peaks can suggest pressure on the market.
I suppose if the price returns to the breakdown of the level of 42120, we can see a fall to a strong support of 40600
Sincerely, R. Linda!
Since the trend is down, the formation of descending peaks can suggest pressure on the market.
I suppose if the price returns to the breakdown of the level of 42120, we can see a fall to a strong support of 40600
Sincerely, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
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.