hello guys.
Resistance at $68,400 (Top Line): Bitcoin is testing a strong resistance at $68,400, having failed to break above this level multiple times.
Engulfed Area: The engulfing pattern visible below $67,000 signals a potential bearish sentiment that could drive prices lower if it fails to hold the current resistance.
Potential Drop: The chart suggests a possible drop towards the $65,700 support level, which is a critical area of demand.
Support Zone: The blue-dashed line around $65,700 indicates a key support level where buyers could potentially step in.
Bearish Short-Term: If the top resistance continues to hold, the price is likely to head toward the lower support, suggesting short-term downside potential.
if the $67500 breaks down we can expect this scenario to happen!
Resistance at $68,400 (Top Line): Bitcoin is testing a strong resistance at $68,400, having failed to break above this level multiple times.
Engulfed Area: The engulfing pattern visible below $67,000 signals a potential bearish sentiment that could drive prices lower if it fails to hold the current resistance.
Potential Drop: The chart suggests a possible drop towards the $65,700 support level, which is a critical area of demand.
Support Zone: The blue-dashed line around $65,700 indicates a key support level where buyers could potentially step in.
Bearish Short-Term: If the top resistance continues to hold, the price is likely to head toward the lower support, suggesting short-term downside potential.
if the $67500 breaks down we can expect this scenario to happen!
Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Tired of watching charts all day? Veles lets you create trading bots that work 24/7.
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Sign up now and get $5: veles.finance/invite/melika
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.