Hello to all members of TradingView and my followers.
Well, Bitcoin went exactly as I expected in these few hours. Now we see that the channel floor has been broken and dropped sharply. It had strong support in the $ 19,800 area, but the strength of this support area did not control the price of bitcoin. The next support is at the point of $ 18,800. If Bitcoin surpasses this support, its next destination will undoubtedly be $ 18,000. Bollinger Band is in such a position that it cannot support Bitcoin even at its lowest point. Given the Bollinger Bands and the RSI, I find the downtrend more likely.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Well, Bitcoin went exactly as I expected in these few hours. Now we see that the channel floor has been broken and dropped sharply. It had strong support in the $ 19,800 area, but the strength of this support area did not control the price of bitcoin. The next support is at the point of $ 18,800. If Bitcoin surpasses this support, its next destination will undoubtedly be $ 18,000. Bollinger Band is in such a position that it cannot support Bitcoin even at its lowest point. Given the Bollinger Bands and the RSI, I find the downtrend more likely.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Note
Volatility may hit the market on the weekend.Note
Note
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Join our channel:
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
🔵 t.me/monocoin_public
🟠 t.me/monocoin_public
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.