The price of Bitcoin is compressing and could move towards 41500$ if the downward trendline is broken. If this movement is slow and in pullback style, in the range of 41500$, we will wait for the return candlestick pattern for the short position to target of 39000$ and 36500$ whats your idea?
Note
Static support at 38700-39200 was lost. Next supports are 37800 and 36500
Order cancelled
This Scenario is cancelled and new chart is updated
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.