Bitcoin is again testing the major support area of 28-30k, after previously bouncing up from this area 3 times. Can bitcoin manage to bounce of this area again of is this the start of a bigger bearrun.
If bitcoin manages to stay in the bearish pattern the upper trend line will be tested next, this trend line must be broken in order to outbreak the bearish pattern. Until this happens we are still in the bear market.
-SR7-Tradings
Trading for fun, let me know what you think
Trade active
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After confirming the bounce, target is 33K!
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What a bounce again :)
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Target of 33k almost reached !
Trade closed: target reached
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Target is reached, take profits !
Now watch if the upper bearish trend break will fall, then get back in ASAP!
bro i boughrt qtum around 3.15
what is your think about that ??
SR7-Tradings
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@sarmandhawra, Can't say it a good one, but definitely not a bat decision. Depends on many factor like if BTC is going to break 33 k and BTC needs to hold the major support line. The power of Qtum is not enough to count on.
Muhamadsrood
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@SR7-Tradings, thanks bro for your answering i appreciate it
I don't think this bounce will outbreak the upper trend line, to conform the falling wedge. I think the upper trend line will push btc back into the Major resistance again.
Hoping that this time the bounce will get enough momentum to outbreak the bearish pattern for conforming the falling wedge.
what is your think about that ??