InvestMate ₿ Bitcoin Declines Are Inevitable? ₿
₿ Bitcoin Declines Are Inevitable?
₿ Nearest strong support zone: around the 0.236 fibo level of the upward wave.
₿ Nearest strong resistance zone: around recent highs.
₿ Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
₿ Price Action: Bitcoin on the wave of a rather quiet Monday from the perspective of the financial markets tried once again to rise northward, this time the increases are characterized by small dynamics and a greater presence of bears than last time. Looking at the totality of the current accumulation, it doesn't look to me like we can continue the increases from current levels. So far, I still think that we are sooner facing declines from current levels than increases.
📉 The scenario I am playing out is a continuation of the declines. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
₿ Nearest strong support zone: around the 0.236 fibo level of the upward wave.
₿ Nearest strong resistance zone: around recent highs.
₿ Technical environment:
📊 Moving averages: 50/50
📊 MACD: Downtrend
📊 RSI: Downtrend
₿ Price Action: Bitcoin on the wave of a rather quiet Monday from the perspective of the financial markets tried once again to rise northward, this time the increases are characterized by small dynamics and a greater presence of bears than last time. Looking at the totality of the current accumulation, it doesn't look to me like we can continue the increases from current levels. So far, I still think that we are sooner facing declines from current levels than increases.
📉 The scenario I am playing out is a continuation of the declines. 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.
🚀 If you appreciate my work and effort in this post, I encourage you to leave a like and follow on my profile. 🚀
Note
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
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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.
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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 💲
🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌🌌
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.