Very important moment for Bitcoin.
On a daily, the market is currently trading in sideways.
The price has formed a wide horizontal trading range.
Bears are testing its support at the moment.
Here are two scenarios for you to follow:
- Bearish.
In case if the price breaks and closes below the underlined support of the range,
many buyers will lose confidence and it will be a trigger for one more selling wave. - Bullish.
The price may respect the underlined support.
Your confirmation to buy the market will be a bullish breakout of a falling wedge pattern on 4H.
It will lead to a bullish move to a resistance of a daily range.
Because I heavily invested in crypto, I remain bull-biased.
But who knows, we must be prepared for everything.
What will happen in your view?
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Nota
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✅My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel: youtube.com/c/VasilyTrader
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❗️YouTube Channel: youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
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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.