A few days ago I made an analysis on Bitcoin and the fact that it was trading inside a bearish wedge pattern.
Today, we saw a massive sell-off and the bearish break out got confirmed. The price has not yet reached the support area, so I'm not convinced yet that the bottom is in. It's true that the 60k support is holding today, but I wouldn't be buying from this support, not for the long-term at least.
BTC's best shot at a longer-term bullish move is to reverse from a strong support area, like the one indicated in the chart. Therefore, I don't thing that we're done yet with the bearish price action.
Happy trading!
Today, we saw a massive sell-off and the bearish break out got confirmed. The price has not yet reached the support area, so I'm not convinced yet that the bottom is in. It's true that the 60k support is holding today, but I wouldn't be buying from this support, not for the long-term at least.
BTC's best shot at a longer-term bullish move is to reverse from a strong support area, like the one indicated in the chart. Therefore, I don't thing that we're done yet with the bearish price action.
Happy trading!
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🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
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.