RLinda ! BTCUSDT -> The bears develop the situation
Updated
BTCUSDT perfectly works out the bearish "growing wedge" set-up, at the moment, after breaking through the support, the price fell by 12%. It is possible that the fall may continue.
A local descending channel began to form on the chart, I have marked its boundaries. I can assume that the second impulse is not over yet, judging by the daily candle of the previous day and its closing. On the chart there is an important level, support 20232, near which the situation is developing now, either breakout and fixation under the level, or false breakout and pullback.
I assume, since we have three open liquidity zones, 19240, 18626, 17622, I think the price can go in this direction, but at the moment the price has stopped between the support of the descending channel and the horizontal level 20232, we will observe how strong the levels are and how the price will behave. Obviously, the market sentiment is bearish and it is not worth making intraday buy trades yet, we are in a strong bearish trend.
Regards, R.Linda!
A local descending channel began to form on the chart, I have marked its boundaries. I can assume that the second impulse is not over yet, judging by the daily candle of the previous day and its closing. On the chart there is an important level, support 20232, near which the situation is developing now, either breakout and fixation under the level, or false breakout and pullback.
I assume, since we have three open liquidity zones, 19240, 18626, 17622, I think the price can go in this direction, but at the moment the price has stopped between the support of the descending channel and the horizontal level 20232, we will observe how strong the levels are and how the price will behave. Obviously, the market sentiment is bearish and it is not worth making intraday buy trades yet, we are in a strong bearish trend.
Regards, R.Linda!
Trade active
🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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.