Art_of_Trading

BITCOIN - Bears Ready to Sell

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BITFINEX:BTCUSD   比特幣
There is an interesting setup on H1 BTC chart. The price broke the support level (8974) and it became the resistance. Then, it backtested this same structure. The more sellers are expected at the resistance level, because they already know that the price respected that level before and they most likely place their orders there. From this analysis, the price fall is expected.
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