Bitcoin can go Down to ๐ขSupport zones๐ขโฐ(4-Hour)โฐ
๐Hi, everyone. I hope you have a great weekend.
๐กBitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a ๐ฎBull trap๐ฎ was formed above the ๐ดResistance zone($35,280_$34,830)๐ด.
๐กPerhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
๐โโ๏ธBitcoin is currently moving in the ๐ดResistance zone($35,280_$34,830)๐ด, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
๐Three Black Crows Candlestick Pattern:
๐ธThe Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
๐ธEach of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestickโs opening price.
๐ธIt is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
๐ธThe Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
๐I expect Bitcoin to fall at least to the ๐ขSupport zone($34,200_$34,000)๐ข and the Support line, and if these areas fail, it will attack the โฌ๏ธlowerโฌ๏ธ๐ขSupport zone($33,680_$33,140)๐ข. If the ๐ขSupport zone($33,680_$33,140)๐ข is broken, we can expect Bitcoin to fall further to around $32,000.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐กBitcoin is in a corrective phase during the last two weeks, but sudden Pump and Dump movements have shown that it makes it a little difficult for traders, so that a ๐ฎBull trap๐ฎ was formed above the ๐ดResistance zone($35,280_$34,830)๐ด.
๐กPerhaps one of the reasons for the sudden movements during the last two weeks is low Trading Volume, although low Trading Volume is one of the characteristics of the correction phase.
๐โโ๏ธBitcoin is currently moving in the ๐ดResistance zone($35,280_$34,830)๐ด, and if we look at the last three 4-hour candles of Bitcoin, the Three Black Crows Candlestick Pattern is clearly visible.
๐Three Black Crows Candlestick Pattern:
๐ธThe Three Crows pattern is a bearish reversal pattern that consists of three bearish long-bodied candlesticks.
๐ธEach of the three candlesticks should be long-bodied bearish candlestick; each candlestick's opening price should be lower than the previous candlestickโs opening price.
๐ธIt is a bearish reversal pattern; therefore, it should be considered only when it appears after an uptrend.
๐ธThe Three black crows candlestick pattern signals weakness in an ongoing uptrend and the potential reversal to the downtrend.
๐I expect Bitcoin to fall at least to the ๐ขSupport zone($34,200_$34,000)๐ข and the Support line, and if these areas fail, it will attack the โฌ๏ธlowerโฌ๏ธ๐ขSupport zone($33,680_$33,140)๐ข. If the ๐ขSupport zone($33,680_$33,140)๐ข is broken, we can expect Bitcoin to fall further to around $32,000.
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
ืขืกืงื ืคืขืืื
ืืขืจื:
My suggestion to you is to look for a short position rather than a long position when the asset is in an important resistance area in a higher time frame.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365
