Bitcoin bearish Scenario :
Following the massive selloff a few days ago, Bitcoin is trading in sideways and we saw a small sell-off yesterday. However, The current chart looks bad since it confirmed my bearish scenario with 3 Major Confluence.
1- We confirmed the trendline breakdown with a retest and Rejection (The Black line)
2- We confirmed the Falling wedge Breakdown with a retest and rejection (The Red wedge)
3- We got exactly rejected at the Golden Fibonacci Pocket ( 0.35-0.382 Or The red Zone)
These are the 3 major bearish confluences i saw over the charts today after my vacation. I Recommend not to open any long positions until we invalidate our 3 Major Bearish Confluences.
Following the massive selloff a few days ago, Bitcoin is trading in sideways and we saw a small sell-off yesterday. However, The current chart looks bad since it confirmed my bearish scenario with 3 Major Confluence.
1- We confirmed the trendline breakdown with a retest and Rejection (The Black line)
2- We confirmed the Falling wedge Breakdown with a retest and rejection (The Red wedge)
3- We got exactly rejected at the Golden Fibonacci Pocket ( 0.35-0.382 Or The red Zone)
These are the 3 major bearish confluences i saw over the charts today after my vacation. I Recommend not to open any long positions until we invalidate our 3 Major Bearish Confluences.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.