Bitcoin / TetherUSShort
🚨Bitcoin will Fall by Failed Falling Wedge Pattern🚨
Updated
❌Bitcoin failed to break the 🔴Resistance zone($65,700-$67,520)🔴.
📈From the point of view of Classical Technical Analysis, the Failing Wedge pattern failed, and since if the reversal pattern fails, the pattern will have a continuing role, the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡Potential Reversal Zone(PRZ)🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500, the bullish scenario can change, I will talk about the importance of this number in the next posts.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📈From the point of view of Classical Technical Analysis, the Failing Wedge pattern failed, and since if the reversal pattern fails, the pattern will have a continuing role, the Bitcoin fall is still expected.
🔔I expect Bitcoin to continue its downward trend after the rise to the lower line and 🟡Potential Reversal Zone(PRZ)🟡again.
❗️⚠️Note⚠️❗️: If Bitcoin touches $65,500, the bullish scenario can change, I will talk about the importance of this number in the next posts.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
I took my profit from this analysis and PRZ worked well for short position, as long as Bitcoin doesn't break above the resistance zone, there is still possibility of fall.
👑Real & Accurcy Free & VIP Signals👉 t.me/ProTrader_365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
📚Contact & Learning Technical Analysis 👉t.me/Ad_ProTrader365
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.