As you can see from our analysis (see below), our idea has not changed in the last 12 months, the trend is still bearish on the main time frames and in the medium term the pair could develop a new low around 3,500. With this in mind, the pair has achieved a key short-term support, and we do not rule out some technical rebound. On the contrary, the pair will go to test 5,700/5,900 area (temporary support).
OUR OLD ANALYSIS & SETUP
(Click and Play on charts to study the strategy)
"BULLISH SETUP"
![[BTCUSD] POTENTIAL REBOUND AREA...](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
"BULLISH WAVE 5"
"PIVOT STRATEGY (BEARISH)"
"BEARISH SETUP"
"UPDATES BEARISH TREND"
OUR OLD ANALYSIS & SETUP
(Click and Play on charts to study the strategy)
"BULLISH SETUP"
![[BTCUSD] POTENTIAL REBOUND AREA...](https://s3.tradingview.com/o/OHoQYA5E_big.png)
"BULLISH WAVE 5"
![[BTCUSD] WAVE 5 IN PLAY?](https://s3.tradingview.com/a/aJfVB4BN_big.png)
"PIVOT STRATEGY (BEARISH)"
![[BTCUSD] TECHNICAL ANALYSIS](https://s3.tradingview.com/e/E2oOb3od_big.png)
"BEARISH SETUP"
![[BTCUSD] CONSOLIDATION ?](https://s3.tradingview.com/s/SmiW94I6_big.png)
"UPDATES BEARISH TREND"
![[BTCUSD] TREND STILL BEARISH](https://s3.tradingview.com/9/90ibHZ3u_big.png)
Comment:
Comment:
Comment:
...it's no time to go short.....
Comment:
🔔 2024 Forex Long Term Analysis:
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
