Bitcoin in one hour time frame
The green support line is a relatively valid support line
It has also created a head and shoulder pattern that is not very precise
But we will probably see a price increase until the gray area and then we have to wait
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1. Gold after breaking a long-term uptrend and moving in a triangle
2. And due to the low power of ascending candlesticks
Increased the probability of price reductions in the specified ranges ♨️♨️♨️♨️
Currently, Shiba is in a correctional channel that has hit the floor of this channel
You also see a yellow downtrend that has a return to it and is preparing to continue the price drop in the specified targets.
In the weekly time frame, we see the head and shoulders pattern, from which the target of 22,700 can be imagined.
You will also see a static support in the 22700 range
Also, the price is currently in a downward channel.
Bitcoin lost 39,000 support area and then Pull backed to it and it is ready to continue reducing the price to 32,000 area.
To get a sell position, it is better to set the stop in the range of 39,500
We are witnessing the failure of the long-term dynamic trend.
Negative divergence at the peaks will be an important factor in the continued decline of this currency code. We also see a pullback to the blue resistance-resistance midline
