BTC trade idea
Continuation of the downtrend.
The next point is 6380. MAs are strictly looking down, they will again build a corridor, on CCI 3 bottom (each of which broke through the level -200). It is more likely that there will be a small consolidation at this level (if the price persists for a couple of hours, then the MAs will come to the graph themselves and after that the price will continue to decline).
Growth may be an option, but sellers today are very strong, volumes speak in favor of shorts. Growth is possible to 7150, and after that the price will meet resistance and there will be a new decrease to 6300.
The next point is 6380. MAs are strictly looking down, they will again build a corridor, on CCI 3 bottom (each of which broke through the level -200). It is more likely that there will be a small consolidation at this level (if the price persists for a couple of hours, then the MAs will come to the graph themselves and after that the price will continue to decline).
Growth may be an option, but sellers today are very strong, volumes speak in favor of shorts. Growth is possible to 7150, and after that the price will meet resistance and there will be a new decrease to 6300.
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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.