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Bitcoin / TetherUS
Short

Another Bearish Formation,49k And 44k Are Next

By Bullish_Traders
Updated
👉 Yesterday I Shared a BITCOIN Long Position But I Decided To Close It Atb54800$ By Tiny Profit Because After CPI And PPI I Expected a Strong Move But They Didn’t Effected Much On The Market And It Means Still Bulls Didn’t Enter The Game, Let’s Talk About Current Situation

📉 Clear Corrective Structure Formed At The BTC Chart, We Have a Rising Wedge By The Clear ABC Structure And At 1H Timeframe Strong Bearish Hammer Formed At The Chart, Also At Higher Time Frame There Is Head And Shoulder

🎯 Totally I Think Still Bearish Scenario Is More Probable And Leg Down To The 49k And 44k Is a Next Move I Expect For The BITCOIN

Comment
snapshot
👉 The Price Rejected From 58500$ Area And Currently Playing Below This Level, The Important Point About 58500$ Is, It’s a Important Level For Both Bulls And Bear, As Long As The Price Playing Below This Level My Priority Scenario Is See 44k As a Next Target

📥 Invalidation Of This Analysis Is Any Breakout From 58500$ Level
Trade closed: stop reached
This Analysis Invalidate After The BITCOIN Price Breakout From 58500$
Chart PatternsTrend AnalysisWave Analysis
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