We are still in a growing channel, but we see that the price of Bitcoin is slowing down and making an immediate withdrawal from the previous high. The target of this pullback is our lower support line in the zone, around $ 47,000.
Hello everyone!
We have:
-fan principle (3 trend line broke) on the chart;
-double top with breakout, now is testing and we expect confirmation
- the end of the bullish move
Enjoy it!
Gold has finally reached 1800 and this is a significant level right now. We're expecting to see what is the next move.
The main idea is to see what is price reaction in the resistance zone . Those are the levels slightly above 1800!
If we see a rejection of this level and price leaving a wicks inside of the zone, than that would be an entry signal.
A more secure way to get involved is to wait for price to break below previous lows.
If market breaks below 1773, than that would confirm a potential move down to 1700.
All selling ideas will be gone if price breaks above 1830!
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