BTCUSD Created new Falling trendline
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Two scenarios are expected here and both are bearish that shown with red paths
1.falling from red line that is previous support and now turn resistance and we can expect falling from 58K and now
2.falling from strong resistance by touching trendline again and from 59K
Targets :
A. 55800
B. 53700
Notice :Green trendline shown is an strong support here and for sure we need breakout and retest and to the targets
Both targets are on Fibonacci levels too ,first one on 0.38% and second on 0.50%
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
<<some important educational post linked below don't miss them>>
1.falling from red line that is previous support and now turn resistance and we can expect falling from 58K and now
2.falling from strong resistance by touching trendline again and from 59K
Targets :
A. 55800
B. 53700
Notice :Green trendline shown is an strong support here and for sure we need breakout and retest and to the targets
Both targets are on Fibonacci levels too ,first one on 0.38% and second on 0.50%
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
<<some important educational post linked below don't miss them>>
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t.me/mmbtchannel
VIP Channels:
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check pinned message in telegram for more information.
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