DATA SHOWS BITCOIN STILL INTO BREAKDOWN TREND WHAT NEXT?
Hello trading friends,
Bitcoin is still in the short trend also with the small increase candle we have seen to around 33K trend.
Bitcoin has an important zone 33170+ to get confirmed into uptrend area, as long this not happened, bitcoin will return into breakdown trend.
There are 2 important points of confirmation and it means not just a price hit.
First are the price confirmation, it should stay above the trend, and not only hitting the trend, and second, the time frame confirmation should be done to get the trend confirmed and activated for an uptrend.
In case of the trend breakdown, where is bitcoin going?
Nobody will know the future, the only we can do are expecting depending on data and trend and the next results can be important for BTC.
31800 and 30900 can be very important targets for the short trend if we don't get an uptrend activated.
Trade safe, and have great trading times!
Like follow for more trends - thank you
Bitcoin is still in the short trend also with the small increase candle we have seen to around 33K trend.
Bitcoin has an important zone 33170+ to get confirmed into uptrend area, as long this not happened, bitcoin will return into breakdown trend.
There are 2 important points of confirmation and it means not just a price hit.
First are the price confirmation, it should stay above the trend, and not only hitting the trend, and second, the time frame confirmation should be done to get the trend confirmed and activated for an uptrend.
In case of the trend breakdown, where is bitcoin going?
Nobody will know the future, the only we can do are expecting depending on data and trend and the next results can be important for BTC.
31800 and 30900 can be very important targets for the short trend if we don't get an uptrend activated.
Trade safe, and have great trading times!
Like follow for more trends - thank you