Bitcoin is still moving in a downtrend. Locally, the price is sandwiched between two trend lines, which act as support and resistance. It is very likely that the price will break through the lower trend line and continue falling towards the marked targets. The scenario would only be canceled if there is a large volume to buy in the footprint. Lately, a big volume was only at the top on the sell-side.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Trade closed: stop reached
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our trade didn't play out this time we should close it a save our money.
SL helps us save money when price go against us.
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Bitcoin, local pullback is possible but i can't call it BOTTOM
@hushedJaguar22215, with education you are probably always right? I follow Yuriy for a longer time now. I find his analysis very helpful and 80% of the time he is spot on.
jenko911082
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@hushedJaguar22215, looks like u got rekt and he made a great prediction
i feel so bad for many naive people who got caught in the system at 50-60k level....I really feel bad....they have to wait at least 3-4 years to recoup money....but is business.....some will make money,some will lose money....
Yuriy_Bishko
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@jimbudan, Did u use SL? Did u finish any education?