PrimeXBT
Short

BTCUSD- Bull are weak again.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
The weekend with less trading activities looks more at less volume activities in the crypto market.
With the steady increase in the price of BTCUSD , the bull are really not strong to hold that price more to the upside. On the 2 hours time frame the price chart of BTCUSD has been spotted forming a bear pennant flag pattern . This is indicating price reversal to the downside, after the breakdown from the support level . A bearish pennant is formed during a steep, almost vertical, downtrend.
After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit.
The most important level is the breakdown before taking any trade.
Breakdown- $10462.1
Support 1- $10356.0
Support 2- $10215.6
Support 3- $10037.4
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Ideas published should not be referred to as an investment advice.
target fall wedge is the 0.786, it's good buy entry because this is going to 12k
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JKELVIN nagihatoum
@nagihatoum, ok good for u
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