BTC/USD (Short-term Weakness?)
💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed at 52 dollar resistance zone and has now come back to its recent low
-The 45k local support must hold if we want a shorter consolidation
-And bounce up to break the new resistance trendline around 50k level
-To invalidate these bearish signs in this short term analysis
-Worst-case scenario, BTC will retest the 41k dollar area which was previous resistance
-Plus with the confluence of 200MA in the 4H time frame
-There is a good chance of reaction bounce if the price will go that deep
-So prepare for another correction including most altcoins
-I expect the Altcoins to test their 50D MA support if we get there
-Crucial time for both BTC and Altcoin, we are about to enter the weekend
-Please trade responsibly and follow your plan
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to
seba26-77 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USD
-Bitcoin failed at 52 dollar resistance zone and has now come back to its recent low
-The 45k local support must hold if we want a shorter consolidation
-And bounce up to break the new resistance trendline around 50k level
-To invalidate these bearish signs in this short term analysis
-Worst-case scenario, BTC will retest the 41k dollar area which was previous resistance
-Plus with the confluence of 200MA in the 4H time frame
-There is a good chance of reaction bounce if the price will go that deep
-So prepare for another correction including most altcoins
-I expect the Altcoins to test their 50D MA support if we get there
-Crucial time for both BTC and Altcoin, we are about to enter the weekend
-Please trade responsibly and follow your plan
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to
seba26-77 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
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Disclaimer
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Telegram Channels
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
➡️ t.me/kryptosignalschat
➡️ t.me/kryptosignaltrade
➡️ t.me/KryptoSignalsTrade
Inquiry
➡️ t.me/PolarHusk
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.