Hello traders,
At $29,700 I mentioned a possible triple bottom, why?
We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost.
This will be my last technical analysis until the sell off starts.
Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there.
It's also going into a weekend at resistance.
Stay safe.
👍
At $29,700 I mentioned a possible triple bottom, why?
We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost.
This will be my last technical analysis until the sell off starts.
Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there.
It's also going into a weekend at resistance.
Stay safe.
👍
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.