Bitcoin Chart Analysis: Max Red Candles
The
BTC chart has been seeing a lot of red candles recently, indicating a strong downward trend. As per the chart, the strong support has broken down, and Bitcoin is now trading at $21700. The support that was once strong has now become a strong resistance level, so traders need to be cautious and activate short positions.
If you are already in a short position, you might be in good profit, but it is essential not to forget to place a stop loss. As per the chart, the current stop loss should be above the white next line resistance.
Based on the current chart analysis, I am expecting Bitcoin to test the $18500 level again. If this happens, it is recommended to grab some BTC.
The support and resistance levels are as follows:
Support: $18700
Resistance: $22400
Please like and share this analysis if you find it helpful.
For the latest real-time updates on cryptocurrency, make sure to follow me.
Thank you.
The
BTC chart has been seeing a lot of red candles recently, indicating a strong downward trend. As per the chart, the strong support has broken down, and Bitcoin is now trading at $21700. The support that was once strong has now become a strong resistance level, so traders need to be cautious and activate short positions.If you are already in a short position, you might be in good profit, but it is essential not to forget to place a stop loss. As per the chart, the current stop loss should be above the white next line resistance.
Based on the current chart analysis, I am expecting Bitcoin to test the $18500 level again. If this happens, it is recommended to grab some BTC.
The support and resistance levels are as follows:
Support: $18700
Resistance: $22400
Please like and share this analysis if you find it helpful.
For the latest real-time updates on cryptocurrency, make sure to follow me.
Thank you.
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#Bitcoin Chart:-#BTCUSDT Dumped 10% within 24 hours after Our Anlysis.
Hope you enjoyed and earned huge profit.
$22200 -> $19800
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Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
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.