Could Bitcoin fall even more 🤔❓
Updated
In yesterday's idea said that a wedge had formed on bitcoin, especially on the higher timeframes, which is a strong signal for a market decline. The price broke through and tested this wedge as resistance. It was a good opportunity to open short positions. I attach the chart of the idea below.
Now the situation is uncertain, many factors point to the continuation of the fall, but it is very risky to open positions now. If your risk allows you to open trades under these circumstances, you can do so.
Let's take a look at what's on the chart now:
The price broke the local trend line, found support at $44,250, bitcoin rebounded and tested the trend line as resistance, then headed down again. This could all lead the price to lower levels.
Where, at the very least, there will be a bounce or even a trend reversal.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Now the situation is uncertain, many factors point to the continuation of the fall, but it is very risky to open positions now. If your risk allows you to open trades under these circumstances, you can do so.
Let's take a look at what's on the chart now:
The price broke the local trend line, found support at $44,250, bitcoin rebounded and tested the trend line as resistance, then headed down again. This could all lead the price to lower levels.
Where, at the very least, there will be a bounce or even a trend reversal.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Note
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