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Mohamad_Khalili
Dec 14, 2020 6:19 PM

Bitcoin ready to drop to 14,000 Short

Bitcoin / U.S. dollarBitstamp

Description


Hello to all respected traders !!!
As I have shown in the chart, Bitcoin is within its historical resistance at the weekly timeframe, and the last candlestick to close is a perfect pendant with a hanging man.
The RSI also indicates that Bitcoin is in full saturation, so I think all the conditions are in place for a correction to the 14000 range.
I will be very happy to write your comments for me. Thanks
Comments
erolst
That's exactly what I see . That weekly candle is good sign for a drop.
ianf
Ty, nice analysis
Mohamad_Khalili
@ianf, tnx
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