#BTC is not looking good in the shorter time frame!
Updated
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#BTC UPDATE
BTC is making this bearish pennant pattern.
BTC doesn't look good, According to the pattern if BTC did a break down then BTC can drop 10% after the confirmed retest.
We have 16.5k and 15.5k as support
If BTC breaks out this upper resistance then the pattern will be invalidated.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC UPDATE
BTC is making this bearish pennant pattern.
BTC doesn't look good, According to the pattern if BTC did a break down then BTC can drop 10% after the confirmed retest.
We have 16.5k and 15.5k as support
If BTC breaks out this upper resistance then the pattern will be invalidated.
Stay tuned I will keep updating
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
Note
#BTC
Price Action Analysis
Bitcoin price is stuck in a tight range of $16261 - $17066 as volatility hits a new all-time low.
It comes as no surprise as volume usually dries up during the holiday season however, $16261 forming a new structure low is still a high draw on liquidity
How To Expect ?
Note
ABOUT TO BREAKOUT OR BREKDOWN
Let see what's happens
Note
BTC is going down as we expected, it is currently trading around 16.6k local support.
we are expecting some bounce but only in case, we get good some volume.
let's see how the market reacts.
Stay tuned I will keep updating
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