🚨Bitcoin Falling with the Help of Descending Channel🚨
Updated
Bitcoin has managed to form a Descending Channel after breaking the 🟢support zone($29,850-$29,480)🟢.
Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢.
Bitcoin is currently near the upper line of the descending channel.
🔔I expect Bitcoin to continue its downward trend in the next few hours.
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🌐➖Negative News➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Over the past two days, Bitcoin has been completing a pullback to the broken 🟢support zone($29,850-$29,480)🟢.
Bitcoin is currently near the upper line of the descending channel.
🔔I expect Bitcoin to continue its downward trend in the next few hours.
---------------------------------------------------------------------------------------------------------
🌐➖Negative News➖🌐:
A new law requiring USA citizens to report Cryptocurrency transactions above $10,000 is one step closer to being approved.
---------------------------------------------------------------------------------------------------------
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position 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.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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Note
Basically, volume trading is low on Saturdays and Sundays and we have to wait for the beginning of the coming week.
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