Bitcoin is consolidating for quite some time now with zigzap pattern form, but, if we look closely, we can see that the price is congesting and the pressure seems to be on the sell-side.
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 34,000 zone support and even a drop under 29k important figure.
Obviously, a break back above 43K would negate this scenario.
Always remember to set stop loss and trade what you can afford and risk.
Please leave a like and comment it will help us more.
Thank you.
Also, price action since the start of July is putting a descending triangle on our chart.
As you may have noticed, I'm bearish crypto for a few months now and I expect this drop to continue.
In Btc's case I expect a break under 34,000 zone support and even a drop under 29k important figure.
Obviously, a break back above 43K would negate this scenario.
Always remember to set stop loss and trade what you can afford and risk.
Please leave a like and comment it will help us more.
Thank you.
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.
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.