poyapayam

poyapayam

Well now we can short and relax you can see candle receive to long trend

poyapayam

I drawing a simple channel , you can see btc can falling when candle toch up the channel .

poyapayam

Top channel guys short position is better You can drawing trend like me to understand what i want to say guys

poyapayam

Contrary to the imagination, the downward trend of Bitcoin is not over yet and it is still in the downward channel. Wait for the price of Bitcoin to drop in the first stage to the price of 25,200 to 25,500.

poyapayam

Based on the price action, we have a strong move to the ceiling area of the downward trend, but based on the RSA and Bollinger Band, due to being in the overbought area, the probability of the downtrend failure is very low or at least we will face a promised price correction.

poyapayam

If it crosses the specified resistance level, based on the price action, it will move to the specified area where the candle hits the ceiling of the long-term (downward) channel, which is marked in black.

poyapayam

base on terend and channel At least to the midline .

poyapayam

Considering the descending channel and the candle reaching the ceiling of the channel, and also based on additional items such as RSA, we expect the price to drop.