Forex_Academy
Short

Bitcoin failed to reach the confluence area

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Price increased but continues to be under some selling pressure on the short term as long as it is trading below the SL of the ascending pitchfork .
The rate has shown an oversold signs when it has faield to reach and retest the downside line of the down channel .
You should know that the perspective remains bearish as long as the rate stays within this channel. A valid breakout above the confluence area formed between the SL with the upside line would have signaled a an acceleration and a quick increase. A failure to escape from the minor descending channel could send the price further down. The major downside target remains at the 150%.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out