Bitcoin / TetherUSShort
It it End of BITCOIN Uptrend?
Hello Guys!
You can observe a trend slowdown on the BTCUSDT pair and a decrease in volatility in the triangle, which is shown in the first 4H chart. The breaking of the triangle is expected until June 30.
We are inclined to short-term correction of the uptrend to the area of Fibonacci levels of 0.5 - 0.618, which are in the price range of $7000-8000.
It makes sense to open long positions after correction, or in case of breaking through and fixing the price above the level of $10300.
Stay tuned and keep your risks under control!
Best Regards
FOBS Team
You can observe a trend slowdown on the BTCUSDT pair and a decrease in volatility in the triangle, which is shown in the first 4H chart. The breaking of the triangle is expected until June 30.
We are inclined to short-term correction of the uptrend to the area of Fibonacci levels of 0.5 - 0.618, which are in the price range of $7000-8000.
It makes sense to open long positions after correction, or in case of breaking through and fixing the price above the level of $10300.
Stay tuned and keep your risks under control!
Best Regards
FOBS Team
E-mail: info@fobs.fund
Telegram Channel: t.me/fobsfund
Twitter: @fobsfund
Telegram Channel: t.me/fobsfund
Twitter: @fobsfund
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.
E-mail: info@fobs.fund
Telegram Channel: t.me/fobsfund
Twitter: @fobsfund
Telegram Channel: t.me/fobsfund
Twitter: @fobsfund
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.