alirezamsh4
@t_alirezamsh4
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alirezamsh4
Hello traders. BTC wasn't supported well by 17250 support and sharply broke bottom of the rising channel,downside in 4h time frame. This is a sign of BEARISH market. There are some possible price movements: 1-Price continue to fall in a powerful way. 2-Price fall down to the SUPPORT area shown in the pic.Then a pullback to somewhere about bottom of the channel and then,continue it's bearish way to the TARGET1 and TARGET2 shown in the pic.(RECOMENDED) 3-Price get back to it's previous cycle or range where it is. I recommend second scenario due to it's higher probability and safer situation. Have a nice day!
alirezamsh4
Hello dear traders. This is BTC chart in 4h time frame. Bitcoin recently touched top of the rising channel and subsequently had a sharp fall down to the mid-line of the channel and yet,the price is ranging there. So what we expect now is the continues slow-fall of the price to bottom of the channel that is also coincided with 17220-17360 support area shown with the white box in the pic.After that,we can expect a rise of price. Our first target can be mid-line of channel and the second target can be top of the channel. If you think this idea helps you,please like and comment your idea.
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