BTC/USDT (Downtrend Confirmed)
💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-As mentioned yesterday, Bitcoin showed signs of weakness
-The price broke support in the 4H timeframe sending the price to the 31k dollar area
-It is currently testing the midline support of this descending channel
-Can we expect a bounce from this level?
-if not, it will likely go down to the lower channel where the 50ma is located
-So always prepare for the worst-case scenario
-Have a cut loss trading plan if the market becomes too risky
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BINANCE: BTCUSDT
-As mentioned yesterday, Bitcoin showed signs of weakness
-The price broke support in the 4H timeframe sending the price to the 31k dollar area
-It is currently testing the midline support of this descending channel
-Can we expect a bounce from this level?
-if not, it will likely go down to the lower channel where the 50ma is located
-So always prepare for the worst-case scenario
-Have a cut loss trading plan if the market becomes too risky
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to Dinore 🙏🎉
``````````````````````````````````````````````
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
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.
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.