Bitcoin has entered sell zone
Although I was bullish Btc, once the cryptocurrency has broken under 63k, my opinion has changed to bearish, at least for the short to medium term.
After this break to the downside, BtcUsd fell and made a local low at 56k.
A rebound was normal after this and at this moment, Bitcoin is trading exactly in resistance and strong sell zone.
I expect a new leg down to follow and my objective for short trades remains 52k zone.
Only Btc back above 61.5k would change my opinion
After this break to the downside, BtcUsd fell and made a local low at 56k.
A rebound was normal after this and at this moment, Bitcoin is trading exactly in resistance and strong sell zone.
I expect a new leg down to follow and my objective for short trades remains 52k zone.
Only Btc back above 61.5k would change my opinion
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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.