Bitcoin and bearish patterns!
As part of the bearish scenario for Bitcoin, we could see a continuation similar to the one illustrated on the chart. As we can see, price is currently trading within a descending channel.
A warning for sellers: the yellow zones are important areas where price may react, especially the stronger highlighted zone. Be sure to secure profits and keep your position risk-free whenever possible.
The bullish FTR zone has been lost, and we are now seeing new FTR formations within the downtrend. The market remains bearish until proven otherwise.
We will keep updating the analysis as price develops.
#BTCUSDT D
BTC
As part of the bearish scenario for Bitcoin, we could see a continuation similar to the one illustrated on the chart. As we can see, price is currently trading within a descending channel.
A warning for sellers: the yellow zones are important areas where price may react, especially the stronger highlighted zone. Be sure to secure profits and keep your position risk-free whenever possible.
The bullish FTR zone has been lost, and we are now seeing new FTR formations within the downtrend. The market remains bearish until proven otherwise.
We will keep updating the analysis as price develops.
#BTCUSDT D
BTC
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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.