• BTC is in a critical situation, at the moment, as it is at a key support level as seen in the weekly chart;
• The support at $17,592 is the bottom of a Descending Triangle chart pattern. If BTC loses it, the next stop is the next support near $14k;
• BTC would need to do a very quick reaction and break the purple line in order to avoid such drop and reverse the bearish sentiment;
• In addition, the 21 ema is pointing down, and it is very close to the purple line, making it a dual-resistance area;
• For now, let’s pay attention on these key points. I will keep you guys posted.
Remember to follow me to keep in touch with my analyses!
• The support at $17,592 is the bottom of a Descending Triangle chart pattern. If BTC loses it, the next stop is the next support near $14k;
• BTC would need to do a very quick reaction and break the purple line in order to avoid such drop and reverse the bearish sentiment;
• In addition, the 21 ema is pointing down, and it is very close to the purple line, making it a dual-resistance area;
• For now, let’s pay attention on these key points. I will keep you guys posted.
Remember to follow me to keep in touch with my analyses!
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.