Bitcoin Analyze (Short Term, Timeframe 15min,12/07/2022)!!!

7 thg 12, 2022

Bitcoin has been moving in a descending channel on the 15-minute time frame for over two days.

Also, Bitcoin was able to break the support zone with a long-bodied, high-volume red candlestick (Breakout Candle) and is currently pulling back to the lost support zone and the middle line of the descending channel. (The support zone has now become the resistance zone.).

If you look carefully at the Bitcoin chart in the 1-hour time frame, you can clearly see the Head and Shoulders pattern, which can be a sign of a further fall in Bitcoin.👇



I expect Bitcoin to once again attack the support zone and the lower line of the main ascending channel, and the possibility of breaking this zone is also high.

Bitcoin Analyze ( BTCUSDT ), Timeframe 15min⏰.

Do not forget to put Stop loss for your positions (For every position that you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

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