💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin on the short term view is showing a bearish price action
-The price is respecting the downward trendline resistance and EMA 23
-We can also see a horizontal key area of support around 46k dollars
-If the new 49k resistance level is unable to invalidate in the coming days
-BTC might retest the flat support zone for the 4th time
-That would lead to much weaker support and potential break lower
-Be careful, the market is trading in inside a range
-And another big move is getting ready in a couple of days
-Please limit your position sizes and manage your risk as always
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
BTC/USDT
-Bitcoin on the short term view is showing a bearish price action
-The price is respecting the downward trendline resistance and EMA 23
-We can also see a horizontal key area of support around 46k dollars
-If the new 49k resistance level is unable to invalidate in the coming days
-BTC might retest the flat support zone for the 4th time
-That would lead to much weaker support and potential break lower
-Be careful, the market is trading in inside a range
-And another big move is getting ready in a couple of days
-Please limit your position sizes and manage your risk as always
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
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