Here we have the same chart I shared yesterday on the 4H timeframe, but here we are looking at 1H, to have a closer look as to what is going on.
The rising wedge drawn yesterday is now broken.
Prices started to retrace quickly as soon as we hit our "strong resistance" on the way up (in light blue).
The "strong resistance" can be challenged again, but remember that Bitcoin needs to conquer this level if it is to continue higher.
The tendency is now lower... Bitcoin is likely to continue to drop.
Previous articles, feel free to show your support:
Bitcoin (XBTUSD) Short-Term + Altcoins Update
Bitcoin Peaks (What's The Similarity Here?)
Namaste.
The rising wedge drawn yesterday is now broken.
Prices started to retrace quickly as soon as we hit our "strong resistance" on the way up (in light blue).
The "strong resistance" can be challenged again, but remember that Bitcoin needs to conquer this level if it is to continue higher.
The tendency is now lower... Bitcoin is likely to continue to drop.
Previous articles, feel free to show your support:
Bitcoin (XBTUSD) Short-Term + Altcoins Update
Bitcoin Peaks (What's The Similarity Here?)
Namaste.
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🎯 LIFETIME Results: t.me/anandatrades/1183
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.