BitcoinSatış
BTC/USD breached major support
Bitcoin has breached a major support zone!
Price has fallen through its range support at the $31,000 mark and also the $30,000 major psychological level, likely drawing more sellers in.
However, Stochastic is indicating oversold conditions or exhaustion among bears, so turning higher might still keep losses in check.
Is BTC/USD a buy or a sell?
The 100 SMA is below the 200 SMA to signal that bearish momentum is very much in play, possibly resulting to a drop that’s the same size as the rectangle chart pattern.
The Rectangle size is 4500 large, resulting in a drop to 26500.
What do you think? What are your opinions on this?
Price has fallen through its range support at the $31,000 mark and also the $30,000 major psychological level, likely drawing more sellers in.
However, Stochastic is indicating oversold conditions or exhaustion among bears, so turning higher might still keep losses in check.
Is BTC/USD a buy or a sell?
The 100 SMA is below the 200 SMA to signal that bearish momentum is very much in play, possibly resulting to a drop that’s the same size as the rectangle chart pattern.
The Rectangle size is 4500 large, resulting in a drop to 26500.
What do you think? What are your opinions on this?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.