pejman_zwin

Bitcoin decline after completion of pullback(1-hour time frame)

Short
pejman_zwin Mis à jour   
KUCOIN:BTCUSDT   Bitcoin / Tether
Hi everyone👋(Reading time less than 2 minutes⏰).

First, I recommend you look at the 4-hour Bitcoin chart I shared yesterday.👇


Bitcoin started to decline after contacting the upper line of the rectangle pattern; the first support in front of Bitcoin was the uptrend line.

Bitcoin managed to break the uptrend line (as I expected in yesterday's post) and started to go down and managed to break the 🟢support zone($30,700-$30,560)🟢 a few hours ago.

Bitcoin is currently completing a pullback to the broken 🟢support zone($30,700-$30,560)🟢.

Also, the 20 Simple Moving Average (20-SMA) went below the 60-SMA, which is a sell signal, and the resistance in front of the Bitcoin are 20-SMA and downtrend line, which has reacted well to this extreme move in the previous two minor pivots.

🔔I expect Bitcoin to fall to at least the 🟢support zone($29,860-$29,420)🟢 and the bottom of the rectangle pattern.

Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Transaction en cours

👑Real & Accurcy Free & VIP Signals/Learing Technical Analysis👉 t.me/ProTrader_365

🔔Please follow us on Telegram for more analysis.👉 t.me/ProTrader_365

🎁Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.