BTC/USD looks to drop after multiple failed attempts of conquering the ATH resistance.
Bearish Indications:
If we see a break in the rising wedge, we can expect to see a drag down to the 17,500 - 16,000 area. (Support/Accumulation Zone)
Closure above 20,000 (coin base ATH) will lead BTC to go into a bull market.
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Bearish Indications:
- Rising Wedge
- Double Top (1HR)
- MACD Bearish Crossing
- Sell Volume
If we see a break in the rising wedge, we can expect to see a drag down to the 17,500 - 16,000 area. (Support/Accumulation Zone)
Closure above 20,000 (coin base ATH) will lead BTC to go into a bull market.
❤️❤️Thanks for your support, please like and share if you like this idea ❤️❤️
Access Full Trade & BitMex Trading Bot
👇👇
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Related publications
Disclaimer
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.