Hello to all members of TradingView and my followers.
Bitcoin continued to fall sharply yesterday, breaking the $ 20,000 support and moving to the $ 17,700 range. From this area, given the good static support range in the past, there has been a good price reaction, and we have seen a return to the $ 19,500 resistance level. Due to the high selling pressure, the downtrend is expected to continue up to the main range of $ 13,970 to $ 13,716. But for the short term, the current support level can keep the price from falling further. If a sign of divergence is seen on the RSI indicator and a downtrend line is broken up, the price can enter a trend range between the current support and the $ 20,000 resistance.
Use tight stop loss in all trades!
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Bitcoin continued to fall sharply yesterday, breaking the $ 20,000 support and moving to the $ 17,700 range. From this area, given the good static support range in the past, there has been a good price reaction, and we have seen a return to the $ 19,500 resistance level. Due to the high selling pressure, the downtrend is expected to continue up to the main range of $ 13,970 to $ 13,716. But for the short term, the current support level can keep the price from falling further. If a sign of divergence is seen on the RSI indicator and a downtrend line is broken up, the price can enter a trend range between the current support and the $ 20,000 resistance.
Use tight stop loss in all trades!
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
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