Bitcoin Analysis:
After price drop to strong level of support 24172 level we see bulls take the control and push price to upside toward the strong key level of resistance also hit 25k high where 200EMA restest on Weekly timeframe and in short time frame candle close below 25k and also respect its resistance trend line 24936.
What next in #bitcoin?
Price of bitcoin retest its 200 EMA on weekly time frame and close below the trend line in short timeframe this show bearish market structure also important bearish chart pattern triple top formation show some kind of selling pressure in bitcoin. Also evening star candle stick show bearish sign.
ENTRY SHORT 24800$
TAKE PROFIT 24509$
TAKE PROFIT 24131$
TAKE PROFIT 23667$
STOP LOSS 25300$
After price drop to strong level of support 24172 level we see bulls take the control and push price to upside toward the strong key level of resistance also hit 25k high where 200EMA restest on Weekly timeframe and in short time frame candle close below 25k and also respect its resistance trend line 24936.
What next in #bitcoin?
Price of bitcoin retest its 200 EMA on weekly time frame and close below the trend line in short timeframe this show bearish market structure also important bearish chart pattern triple top formation show some kind of selling pressure in bitcoin. Also evening star candle stick show bearish sign.
ENTRY SHORT 24800$
TAKE PROFIT 24509$
TAKE PROFIT 24131$
TAKE PROFIT 23667$
STOP LOSS 25300$