In response to the question of whether Bitcoin is still bearish | the answer is yes.
After the drop, Bitcoin has reached a strong support zone, where it’s currently reacting and consuming lower supports. A rejection from the red zone is expected.
However, keep in mind that due to the high volume of short positions, the red zone might even experience a fakeout before the drop continues.
A daily candle closing above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
After the drop, Bitcoin has reached a strong support zone, where it’s currently reacting and consuming lower supports. A rejection from the red zone is expected.
However, keep in mind that due to the high volume of short positions, the red zone might even experience a fakeout before the drop continues.
A daily candle closing above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade ist aktiv
It has reached the target zone, so it’s better to take profits.This doesn’t mean you should enter a short position without confirmation.
The market maker might create movements in this area to collect liquidity,
so make sure to get confirmation before taking short positions.
Trade geschlossen: Ziel wurde erreicht
Both the first and second targets were hit, with more than a 21% drop from the identified supply
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.