FroggyFX

BTCUSD - Cautious Sell initially!


In my opinion, it is still too early to predict the long-term path.

The asset appears to be bearish, but as shown on the chart, a retest of the TL is underway, and the manner the structure is now situated allows the possibility of a rebound around the shaded Triangle labelled 'A.' If it fails, it produces a highly Bearish picture, with the $30,000 level being a crucial region for a last-ditch attempt to save Buyers.

As with the previous Bitcoin Charts, cautiously selling to the $36,200 - $34,500 initially but in readiness to adjust to trend accordingly.

Always do your own DD.






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