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TheTradersAvenue
Dec 17, 2021 10:57 AM

Bitcoin > Prediction and Expectation 

Bitcoin / U.S. dollarBitstamp

Description

Analysis on #Bitcoin

Bitcoin flashing bearish signals as you can see on my chart bitcoin formed a triangle pattern, this is a continuation pattern to the downside.

BTC has been trying to bounce off of the recent bottom but has not been able to do so with each bounce being shorter than the previous one.

I don't want to see the market collapses from here but that's only my wishes and reality might be something different, if we stay here without any meaningful bounce to the upside, sellers will be encouraged to attack the market

However, if BTC closes above 51950 this will be bullish and will attract more buyers

Like and comment will be highly appreciated, thank you so much for your support.

Check today analysis below⠀

Comments
UnknownUnicorn18552923
well done on this setup!
MMBTtrader
thanks for update major support and resistances of trendline mentioned
EliteTradingSignals
Do you look at the bank's levels?
SignalProvider
amazing
Helical_Trades
Great lovely !
Thanks for this ...
jdo85
nope
CFD_CapitalGroup
I'm Agree with You👍
TheTradersAvenue
@CFD_Indonesia, 👍
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