BTC has recently overcome this large descending triangle which is a very bullish sign for BTC , as well as making higher highs and higher lows, all bullish signs. However we are inclined to look at the resistance BTC is facing up ahead and already it seems to be proving a difficult task. We are confident that once BTC overcomes this resistance area around the 38 000 dollar area we will see new ATH's for sure.
While that sounds amazing the downside is that if BTC does not overcome this resistance level and its support does not hold we can definitely see something like this M shape happening. BTC's support is going to have to prove itself this time.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
While that sounds amazing the downside is that if BTC does not overcome this resistance level and its support does not hold we can definitely see something like this M shape happening. BTC's support is going to have to prove itself this time.
-
-
-
-
-
-
-
-
-
-
-
-
Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.