-Okay, yesterday's candle turns out ugly a few hours before the daily closes -This is the one I'm talking about that the Bears can easily enter the market any time -Today, the bulls are defending the 30k area of support -This is very important in the short-term to keep the Bullish bias alive -If the horizontal green support failed in the near future -BTC price could fall down to the 27k-24k region where the 100MA is located -I'm Bullish for Bitcoin but the current price action is showing signs of weakness -If Bitcoin can't break this trendline resistance, we might be in trouble -We still have few days before the Monthly candle closes -Things would be really interesting in the opening of the month of February
appreciate your effort. great chart and technical write-up for bitcoin position traders.
TheSignalyst
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thank you for the update dear! I like it
InkyGrip
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thank you for sharing your outlook 🦐
Fisher_Fx
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Looks bearish to me this pattern. looking for downside
abel11
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I appreciate your work.
kyer
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Thanks for sharing
jnpTrends
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Thank you for the great analysis. I too have a similar view regarding the trendline above. With the increased amount of touches on the 32K-30K level we could breakdown and head down to perhaps the 25K range. I would love to get your feedback on my analysis.
Again thank you and safe trading!
Stargazer_fx
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Thanks for sharing mate,
here's my analysis
FXtrades-gp
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Very nice and clear analysis, well done PolarHusk
BelowZero
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Totally agree with your view.
Looks like we are at that point where anything is possible.
As you very well said, I guess we will have our "clearer" trend answer in the beginning of February...
I just wish I had a small crystal ball (doesn't have to be a big one) which would allow me to see a few days in the future :)