BITCOIN TRADES RIGHT AT UPWARD TRENDLINE, PULLBACK IS POSSIBLE
Hello my friends, today I want to talk with you about BTC .
The price has gone down a bit since my last post, but not much, I think bigger decline is still ahead.
As you know from my previous idea, price exit down from ascending triangle (which was a figure of trend continuation).
I think we can see some pullback upward to local resistance zone at 43000-44000.
And after pullback price can continue to decline and show us downward impulse.
At least I'm still thinks that short now is preferable.
Targets is the same from precious ideas, level 40.000 USD first target and around 37.000 second target.
Of course price can go lower but first, let the price reach these values.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
The price has gone down a bit since my last post, but not much, I think bigger decline is still ahead.
As you know from my previous idea, price exit down from ascending triangle (which was a figure of trend continuation).
I think we can see some pullback upward to local resistance zone at 43000-44000.
And after pullback price can continue to decline and show us downward impulse.
At least I'm still thinks that short now is preferable.
Targets is the same from precious ideas, level 40.000 USD first target and around 37.000 second target.
Of course price can go lower but first, let the price reach these values.
So be ready for such scenario.
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you.
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