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MohammadRahbari

MohammadRahbari

@t_MohammadRahbari

Number of Followers:0
Registration Date :1/18/2024
Trader's Social Network :refrence
ارزدیجیتال
19639
Rank among 44070 traders
0%
Trader's 6-month performance
(Average 6-month return of top 100 traders :21.8%)
(BTC 6-month return :5.8%)
Analysis Power
0
1Number of Messages

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MohammadRahbari
MohammadRahbari
Rank: 19639
SellBTC،Technical،MohammadRahbari

Technical Analysis: The descending triangle wedge is a bearish continuation pattern, which means it often leads to a further decline in price. Traders pay close attention to these patterns as they can provide reliable signals of impending moves.Support and Resistance: The $41,500 level is significant as it has previously acted as both support and resistance for Bitcoin's price. If the price breaks below this level, it could trigger a cascade of selling pressure.Market Sentiment: Bitcoin's price is heavily influenced by market sentiment. If traders and investors start to believe that a downtrend is likely, they may start selling, pushing the price lower.Overbought Conditions: Bitcoin has experienced substantial gains in recent months, and it could be due for a correction. Overbought conditions often lead to price pullbacks, and a drop to $41,500 would still leave Bitcoin in a strong overall bullish trend.As you can see , finally it touch the zone i excpeted...

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$42,162.03
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