Bitcoind USD is on position to breakdown and it has already broke the trend line and trying to close below the green candle
once it will close below the green candle seller will ride the floor.
Hello friends
in crypto market bitcoin is in fully bearish trend and now it one time more create break of structure it means after taken out first pullback which is known as inducement then LL confirm and tap on any order block then it goes to down and again create break of structure LL.
So avoid in investment in bitcoin until market shift to bullish trend.
you...
If there resistance is broken out with a strong green candle with good volumes in DTF
It's a blind Long
Disclaimer
It's important to note that market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the...
HI GUYS
According to what I see, Bitcoin has completed a triple correction after the last bullish wave, as it touched the bottom of the corrective channel
We can enter after the first strong wave that appears to us, and the targets will be as described
note
I relied on my analysis only from a technical point of view
DONT FORGET TO FOLOW ME
Disclaimer : *** Not a trading or financial advice, these are just my thought.
Overall trend is bullish but a healthy pull back around 24700 zone is still pending, unable to break the resistance and stay above 29k zone. Apart from that, I do see a bearish divergence on RSI.
