BTCUSDT Update
After our take profit at 65,000, We have seen the market head downwards.
We are still on a bearish trend on the lower time frames and the price only went back up to 57500 to test the resistance of the bearish trendline.
I'm expecting the price to get down to 52,500/50,000 to give us a LL and get us back up to bullish.
(Ooops Made a mistake on the chart pattern name, its actually a bearish ascending triangle and not descending )
Hopefully, once the price gets to that zone, we will get on a bullish move.
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Note
Price got to 52,500. Expecting price to bounce up.Note
If the market doesnt break and close 55,000 then 50,000 is still exposed after possible retracement to about 54650/55,000
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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.