BTCUSDT ! Resistance Test. Falling in a downtrend? 🥵
Updated
BTCUSDT is trading in a downward channel and is pulling the entire cryptocurrency market down following its downtrend. We see that the instrument is trading in a fairly narrow range, which indicates that a large player is accumulating energy for further movement.
There are no upward pullbacks on the chart, which indicates a lack of potential (in all senses), the price is testing resistance, a tight limit zone does not let the price go higher.
My guess is that as Bitcoin falsely breaks range resistance on a downtrend, there is great downside potential. I think that in the short term, Bitcoin can reach the level of 16188, and in the medium term - the liquidity zone of 12400.
Sincerely, R. Linda!
There are no upward pullbacks on the chart, which indicates a lack of potential (in all senses), the price is testing resistance, a tight limit zone does not let the price go higher.
My guess is that as Bitcoin falsely breaks range resistance on a downtrend, there is great downside potential. I think that in the short term, Bitcoin can reach the level of 16188, and in the medium term - the liquidity zone of 12400.
Sincerely, R. Linda!
Trade active
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADINGđź’µ!
🟢Free Telegram Channel:
t.me/RLindaTrade
đź”´Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADINGđź’µ!
🟢Free Telegram Channel:
t.me/RLindaTrade
đź”´Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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.