BTC USDT 1W Shorthello everyone.
Due to the following reasons, I predict a downtrend of Bitcoin in the Weekly time frame :
1- as you see from now 2022 until aug 2024 , price and volume trend is opposite.
2- Mfi has moved below the 50 line.
3- in large channel we can see that price can move down at least to midline ( about 54000) and in the other zones ( 48 , 42 , 32 )
4- in small channel we can see that the price easily can move down to about 48.
As you know the market has no definite trend but in my idea , probability of a downtrend is greater than the probability of an the probability of an uptrend.
Btc1w
An important week or an important rangeThis is an important week.
Or rather, an important range...
A break of this range means a drop to 14,000 may happen
And support in this range means growth up to the midline of the channel or up to the ceiling of the channel may happen.
This means that 2024 may be a positive and upward year.
But before this growth, a decline may occur according to the corner pattern, and it will happen to 18,000 and even 14,000.
There is a stronger possibility of growth.
But it is still early and we will have to see this week if the important 30,000 range is maintained or not
BTCUSD 1W-TIMEFRAME ANALYSIS 💡BTCUSD 1W-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Bitcoin
My idea is that Bitcoin will continue to downtrend
Support is between 9000 and 9200 It would be good to test it, and test of the historical downtrend
The bulls defend these areas strongly
From there we will start the bull market 💪💪💪
I hope my idea is clear
Support me by like and share
Good luck 💰💯