BTC has hit this support more than 15 times on the 1hr TF now and keeps trading below the 34 000 dollar area, it has only been able to overcome 34 000 dollar once and was rejected quite hard. Even though BTC seems to pulling up every time which can indicate that the bulls are in control however it might be that this is support is getting weaker and weaker and we can most probably see a move to the downside if we don't trade above this descending triangle pretty soon. While I was writing this BTC has already pulled up by 300 dollars, but can this support line take any more battering before reaching its breaking point???
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.