I still believe that BTC will go down before it will make another move up and here is why:
REASON NR.1
I know it looks like a strong support and I agree, but bears are dominating so far and it's just a matter of time until they take control.
REASON NR.2
As you can see the price is below all important MA, which indicates that BTC is losing strenght!
REASON NR.3
RSI is below 50 and has break out on the down side of triangle!
If you liked this idea don't forget to give it a like! Until next time!
REASON NR.1
I know it looks like a strong support and I agree, but bears are dominating so far and it's just a matter of time until they take control.
REASON NR.2
As you can see the price is below all important MA, which indicates that BTC is losing strenght!
REASON NR.3
RSI is below 50 and has break out on the down side of triangle!
If you liked this idea don't forget to give it a like! Until next time!
Note
It seems that we are going to 9200$ area!!Note
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.