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Solldy
Dec 3, 2022 2:02 PM

BTCUSD ❕ under the strong resistance level Short

Bitcoin / U.S. dollarBitstamp

Description

The latest move showed that BTC is still too weak for further growth, which is also indicated by the current decline in trading volumes.
Bitcoin is above liquidity.
Price has broken down 50EMA (1H TF)
RSI chart is in the sellers zone (1H and 30m TFs)
I expect further price declines if the asset returns to the support zone.
Comments
Williamforex
Really like it
YMGroup
Have you looked at it on other timeframes?
RLinda
good job. Thanks
Michael_Winner
reliable btc technical overview, thank you
SwallowPremium
Totally agree!!
AtlasTrades
Do you use any technical indicators ?
Tolberti
Amazing technical analysis, it's possible!
JoyBoyVegae
Love your analysis! 👍 but could see bitcoin will drop alot more than that
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