hello dear teraders,
Bitcoin Weekly Candle is closed as a shooting star.It also failed to break its up trend line drawn on the chart.
and, It is in a short-term downtrend.(descending channel)
There are 3 important supports for Bitcoin.
No. 1 around 38,500
No. 2 around 30,000
No. 3 around 20,000
Bitcoin may return to one of these supports and start moving higher towards higher targets.
It can also have a downtrend to 41,500 and then return, but given that it has already had a bitcoin uptrend, it needs to correct half of that uptrend then it reaches is 38,500.
but if it will be dump,it move down in lower targets.
.
.
What do you think about this analysis and also leave us a comment.
thanks for attention.
Bitcoin Weekly Candle is closed as a shooting star.It also failed to break its up trend line drawn on the chart.
and, It is in a short-term downtrend.(descending channel)
There are 3 important supports for Bitcoin.
No. 1 around 38,500
No. 2 around 30,000
No. 3 around 20,000
Bitcoin may return to one of these supports and start moving higher towards higher targets.
It can also have a downtrend to 41,500 and then return, but given that it has already had a bitcoin uptrend, it needs to correct half of that uptrend then it reaches is 38,500.
but if it will be dump,it move down in lower targets.
.
.
What do you think about this analysis and also leave us a comment.
thanks for attention.
Comment:
sorry,I wrote shouting star but this candle is hanging of man.sorry
