InvestMate ₿ Bitcoin Third Wave of Declines in Play ₿

₿ Bitcoin Third Wave of Declines in Play

₿ Nearest strong support zone: around the 0.236 fibo level of the upward wave.

₿ Nearest strong resistance zone: around the recent highs.

₿ Technical environment:

📊 Moving averages: 50/50

📊 MACD: Downtrend

📊 RSI: Downtrend

₿ Price action: bitcoin exactly as I wrote in yesterday's post started the next third wave of declines:

We have landed on a strong support zone that may cause the price to rebound, but not for long. The most important level is the support zone below determined by the 0.382 fibo level of the upward wave. There I expect Bitcoin to fall in the coming days.

📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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