🔥 Bitcoin Bearish Wedge Break Out: We're Not Done Yet
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!
🎯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
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.