ASCENDING CHANNEL BROKEN!
ASCENDING CHANNEL BROKEN! I had expected a massive correction at 11.760$ level but the ascending channel has been broken and also tested.
In long term still bullish but in short term. I expect a dump to %50 fibonacci level 8500$ then quick recover back to climbing.
What do you think about trend?
In long term still bullish but in short term. I expect a dump to %50 fibonacci level 8500$ then quick recover back to climbing.
What do you think about trend?
Trade attivo
Bitcoin goes according to plan, so far so good...A little Side way move than may be a test to bull power on main trend line
Nota
The price is rejected from descending channel bottom line test. We will watch closely if we will go down and touch the main trendline at 8150-8250$ or test to re-enter into the descending channel on the 4h chart near 8860$. Now the price is btw 8750 (200DMA) and 8860 (desending channel bottom line)
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