Hey guys, Based on the chart and whatever happened during the last week, there is a strong bearish possibility for BTCUSDT in the following days. AS it specified on the chart, I have 4 reasons for have a bearish movement: 1. Strong daily bearish candle 2. Reaching to the top of a downward channel (It would be valid till the price remains in channel) 3. Price reached to 0.618 Fibonacci 4. Price couldn't stay above a strong support area and rejected So based on these 3 reasons I have bearish bias about the market and I consider 30,000 and 20,000 for the next targets of this bearish movement. Note: As always please take risk management rules into consideration before opening any position on the market. I'm so excited to hear your idea about the price movement. please let me know, do you agree with me or not? and why? Thanks in advance for sharing your idea. Good Luck!
@alirezanaderi1422, Nice count! As you said their Analysis and not trade recommendation!
So it's up to you to follow it or not. No one never forced you to do something.
Good Luck!
alirezanaderiTrading
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@Brian_Philips, Do not be upset by what I said
I saw your previous analysis, most of the analysis was wrong
Improve your analysis and then share :)
Brian_Philips
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@alirezanaderi1422, I'm not upset, I don't even care about you bro :)
FortuneNodeOfficial
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@Brian_Philips, keep up the good work bro, ignore these people
Brian_Philips
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@fortunecrypto100 Thanks for your kind reply. Actually spammers are everywhere and we have to focus on our goals and ignore them <3
JCLARK87
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20k unlikely. Solid floor at 29k-30k so don't see bears getting it below that without some major bad news. 40k-42k js first strong support.
Brian_Philips
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@JCLARK87, Yes, agree 40k is a key level and we've to keep looking on it. I specified the targets based on the technical analysis and as you said, sentiment is absolutely different. Thanks for sharing your idea @JCLARK87
sajjadhemmatizadeh
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nice joke
Brian_Philips
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@sajjadhemmatizadeh, So if you disagree with bearish market, please bring your reasons (As I said) or do not be spam.