BTC is still trading in this large descending triangle and has hit the bottom support line more than 5 times which means it's getting weaker, it is also currently testing this level again and we can see a breakdown of this pattern quite soon. If it does break down we can expect the BTC to trade as low as 19 500 where it's previous major support was. We have small support around 24 000 area but I don't think it is strong enough to hold if BTC comes down to that level.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.