price is moving between 2 important trend line

Hi everyone

Bitcoin price is still trapped between two important trend line

blue trend line is long term since March 2020 and yellow trend line

is from ATH level until now. The WAR totally affects on all markets

so we can not expect very strong bull trend by now even if all

technical analysis being positive but fundamentally it can change fast.

right now I think price can keep moving downward after some consolidation

move and correction.

the scenario can be like H& S pattern if the price moves into the local channel

so our key resistant level would be around 41500$

if the pattern completes then we can expect drop to our blue area if the local

channel broke downward. so our important support level would be around 38K.


Enjoy the market

تم فتح الصفقة:

the conditions of trading based on my chart is still on

تعليق:

above 42K bulls have more chance, below 39K bears can take control again. in days coming I think technically bulls must be more strong, lets see

تم فتح الصفقة:

still moving between two important trend line on my main chart.

تم فتح الصفقة:

still moves exactly into the channel. above the channel bullish below it bearish