Sorry, Bitcoin is going into a downtrend!
Bitcoin recently completed a harmonic pattern near 66,500.
The initial A-B,C-D reaction was positive, leaving many traders with the possibility that Bitcoin would return to 70K. But what's happening now is that the bearish scenario I'm considering has added more weight.
From a different perspective, Bitcoin has been making significant ups and downs. When we look at past movements, Bitcoin has been in this pattern of volatility adjustment for a while now.
So what we can do now is that the price is looking for profit opportunities near the strong area of reaction, especially at 59.5K,55.5K,52.5K these three positions are good times for trading operations in my opinion!
The initial A-B,C-D reaction was positive, leaving many traders with the possibility that Bitcoin would return to 70K. But what's happening now is that the bearish scenario I'm considering has added more weight.
From a different perspective, Bitcoin has been making significant ups and downs. When we look at past movements, Bitcoin has been in this pattern of volatility adjustment for a while now.
So what we can do now is that the price is looking for profit opportunities near the strong area of reaction, especially at 59.5K,55.5K,52.5K these three positions are good times for trading operations in my opinion!
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🏆 More signals...
Join me for Daily Signals and free Telegram:
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