The volume of all cryptos decreased. I believed BTC will retrace at $48k-$50k, but now with this new triangle pattern and other analysises, I see a bullish movement less probable. We are on a important yellow support line for about two weeks and I hope it support candles again and we could hope for a bullish market again afterward.
Note
So, it's still there inside the tringle. the important yellow support line I mentioned is also making a desc channel, so even if tringle breaks down, it can stay within the channel.Note
Now we can move up! it is more possible now.
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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.