BTC looks bearish again!
Hello traders.
BTC wasn't supported well by 17250 support and sharply broke bottom of the rising channel,downside in 4h time frame.
This is a sign of BEARISH market.
There are some possible price movements:
1-Price continue to fall in a powerful way.
2-Price fall down to the SUPPORT area shown in the pic.Then a pullback to somewhere about bottom of the channel and then,continue it's bearish way to the TARGET1 and TARGET2 shown in the pic.(RECOMENDED)
3-Price get back to it's previous cycle or range where it is.
I recommend second scenario due to it's higher probability and safer situation.
Have a nice day!
BTC wasn't supported well by 17250 support and sharply broke bottom of the rising channel,downside in 4h time frame.
This is a sign of BEARISH market.
There are some possible price movements:
1-Price continue to fall in a powerful way.
2-Price fall down to the SUPPORT area shown in the pic.Then a pullback to somewhere about bottom of the channel and then,continue it's bearish way to the TARGET1 and TARGET2 shown in the pic.(RECOMENDED)
3-Price get back to it's previous cycle or range where it is.
I recommend second scenario due to it's higher probability and safer situation.
Have a nice day!
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。