JAG_Trader

theory of contrary sentiment. ETF.

Short
PEPPERSTONE:BTCUSD   Bitcoin
he price of bitcoin (BTC) has experienced multiple pullbacks to the $40,000 area in the last 24 hours. In this way, the market is showing weakness to maintain the price above USD 41,000.

So far in the last 24 hours, bitcoin has registered a drop of almost 5%. This occurs after, during the week, the price remained mostly sideways around USD 42.00

Currently the price could bounce down at the 42k level to visit 39500.

If this configuration occurs, there is a good chance that the price will jump up to 43500.

blessings...

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.