BTCUSD update
**BTCUSD update**
The **rejection at the fib level has finally contracted the market volatility**.
At this moment, it's enclosing the bid and asking level into a **chart pattern - triangle**.
That could condition the crypto traders into a bearish market outlook.
**Check your charts for references**
A failed attempt on MA cross-over (H4 chart) can work wonders for buyers.
While trades above
54K are considered bullish, trades below 47k USD will be termed as bearish type.
Next support is found @ 37k - 40k (excluding drawdowns)
Recommendation: S. L adjusted to the entry point
The **rejection at the fib level has finally contracted the market volatility**.
At this moment, it's enclosing the bid and asking level into a **chart pattern - triangle**.
That could condition the crypto traders into a bearish market outlook.
**Check your charts for references**
A failed attempt on MA cross-over (H4 chart) can work wonders for buyers.
While trades above
54K are considered bullish, trades below 47k USD will be termed as bearish type.Next support is found @ 37k - 40k (excluding drawdowns)
Recommendation: S. L adjusted to the entry point
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