Bitcoin can go Down to 🟢Support zones🟢⏰(4-Hour)⏰
👋Hi, everyone. I hope you have a great weekend.
💡Bitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a 🐮Bull trap🐮 was formed above the 🔴Resistance zone($35,280_$34,830)🔴.
💡Perhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
🏃♂️Bitcoin is currently moving in the 🔴Resistance zone($35,280_$34,830)🔴, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
📚Three Black Crows Candlestick Pattern:
🔸The Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
🔸Each of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestick’s opening price.
🔸It is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
🔸The Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
🔔I expect Bitcoin to fall at least to the 🟢Support zone($34,200_$34,000)🟢 and the Support line, and if these areas fail, it will attack the ⬇️lower⬇️🟢Support zone($33,680_$33,140)🟢. If the 🟢Support zone($33,680_$33,140)🟢 is broken, we can expect Bitcoin to fall further to around $32,000.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Bitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a 🐮Bull trap🐮 was formed above the 🔴Resistance zone($35,280_$34,830)🔴.
💡Perhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
🏃♂️Bitcoin is currently moving in the 🔴Resistance zone($35,280_$34,830)🔴, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
📚Three Black Crows Candlestick Pattern:
🔸The Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
🔸Each of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestick’s opening price.
🔸It is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
🔸The Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
🔔I expect Bitcoin to fall at least to the 🟢Support zone($34,200_$34,000)🟢 and the Support line, and if these areas fail, it will attack the ⬇️lower⬇️🟢Support zone($33,680_$33,140)🟢. If the 🟢Support zone($33,680_$33,140)🟢 is broken, we can expect Bitcoin to fall further to around $32,000.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
My suggestion to you is to look for a short position rather than a long position when the asset is in an important resistance area in a higher time frame.
