CRYPTOMOJO_TA

BTC: ANOTHER BEARISH SCENARIO!!

Short
KUCOIN:BTCUSDT   Bitcoin / Tether
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!

I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.

#BTC(Update)
The process has started for #bitcoin. Recovery is now very difficult.

The flag down a break that I shared yesterday has also arrived. I think we are now in a new and hopefully recent downtrend.

what's your opinion? Will the sharp decline continues for #btc or will there be a recovery?


This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.

Thank you
Comment:
#BTC UPDATE

I mentioned in my previous BTC update, we need a daily close above $21550 but this daily candle closes below it.

If we draw a line by using a wick then it looks like it is bouncing from the lower support of this channel but to confirm this uptrend we need a daily candle close above $21550.

Stay tuned

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.