Bitcoin / TetherUSShort
₿ Bitcoin Moment Before Fall ₿
₿ Bitcoin Moment Before Fall
₿ Nearest strong support zone: around the 0.236 level of the upward wave.
₿ Nearest strong resistance zone: around recent highs.
₿ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
₿ Price action: Bitcoin over the past few days has no desire to continue the uptrend, exactly as I wrote in the last post, it started forming a flag formation. The only thing I can expect from such a formation at this point (after such a strong breakout) is an imminent downward crash. The closest target is the fibo level of 0.236 of the upward wave.
₿ The scenario I'm playing out is a breakout from the flag formation to the bottom. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
₿ Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
₿ Nearest strong support zone: around the 0.236 level of the upward wave.
₿ Nearest strong resistance zone: around recent highs.
₿ Technical environment:
- Moving averages: Uptrend
- MACD: Downtrend
- RSI: Uptrend
₿ Price action: Bitcoin over the past few days has no desire to continue the uptrend, exactly as I wrote in the last post, it started forming a flag formation. The only thing I can expect from such a formation at this point (after such a strong breakout) is an imminent downward crash. The closest target is the fibo level of 0.236 of the upward wave.
₿ The scenario I'm playing out is a breakout from the flag formation to the bottom. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
₿ Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 t.me/Investmatez 💲
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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.