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Bearish
LIVEBTC Analyst
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Bearish
#BTC What is Bitcoin's next move? #fomc
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice
$BTC is currently at $42735 at the time of post, it is retesting the neckline of the double top formed after declining from the #ATH $44.7k and forming an M pattern. I am not expecting the market to continue higher at this point seeing that it has successfully been rejected at the neckline which is $43.5k which is also at the 50MA on the 4hr TF. I believe the bears are still in charge of this market which will most likely take us down to $38k. This is a very good time to open a short position, as many people got liquidated in the previous dump and missed it
What do you think of the present market, let me know in the comment section.
Disclaimer: I am only analysing the market, it is not a financial advice
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
59,610.16
-1.46%
Replies 0
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