PolarHusk

BTC/USDT (Bearish 1hr Pattern)

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
BTC /USDT

-since the drop from 9600s area
-the price is unable to break above the 50ma on 1hr chart
-it acted as a dynamic resistance zone
-Bitcoin is testing the flat area of support again
-which is a bearish sign because it gets weaker over time
-it is also painting a bearish descending triangle
-if we see a close below key support
-there is a high chance we will see 8.9k-8.6k support area
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Comments

Looks actually very bullish...
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Nice chart there.

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Great work! We agree. Also keeping an eye on the 2D RSI trend. Still bullish for the long-term, but may turn bearish if the 2D RSI keeps failing the MAs.

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Looking to get into some long positions around that level. Ofc depending on stocks I still think it can break its ATHs but thats my assumption.
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how about my chart

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Clarity is one of the fundamental features evidenced in all your ideas. Keep up great job!
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PolarHusk AskyKulch
@AskyKulch, thanks alot! :)
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agree
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PolarHusk bestfarbit74
@bestfarbit74, thanks :)
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