BitcoinUpdated Sign of Exaust Bear, Bouncing is Very close !! (BTC/USD)
the yellow circle indicate that the bear pressure is getting smaller, usually in the pattern like this, there will be one final test to the nearest support then bounce up very fast, it's because the buying pressure accumulate from the previous bear run, so bouncing will be hard, keep an eye close to this, you want to have a nice price entry right here to ride the bounce !
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Note
the test support is not happening yet, just wait and see, it will, then the real bounce will be shown up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.