javadrezvani

The poor state of Bitcoin

Short
BINANCE:BTCUSDT   Bitcoin / TetherUS
Description :

As you can see, it has lost one small support after another and has lost an important support, and now it has formed a downtrend that will continue until the fall channel ceiling is broken.
But a very important support in the range of 41 to 43 thousand, which is known as the Tesla Zone, which if lost is very catastrophic and the possibility of falling prices up to 30 thousand is provided. Give back and do your shopping again in support because the situation is very bad and in different styles such as Ichimoku cloud in the daily time frame, we see that after 180 days, the price touches the cloud floor and if it comes out of the cloud, falls We will see a weight.
But the Tesla Zone is less likely to be lost, and the price is more likely to sideline between support and resistance for some time.

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.