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Bitcoin(BTC): Candles Are Not Looking Good!
Mar 25, 2024 at 09:55
452 Visa
4 Replies
Medlem sedan Jan 25, 2022
89 inlägg
Mar 25, 2024 at 09:55
Hey fellow traders,
As we step into the final week of the month, all eyes are on Bitcoin's recent movements, especially around the newly breached All-Time High (ATH) zone.
It's undeniable that we're witnessing some concerning signs near this pivotal area. Over the past three weeks, the candles have painted a rather bleak picture, with each successive week seeing a decline. Last week particularly stood out as we witnessed the re-test breaking and the candle closing in the red.
Now, as we enter this week, it's fair to say that this could be a make-or-break moment for many of us in the trading community.
If Bitcoin fails to hold above the breached zone this time around, it's highly likely that we'll witness a significant downward movement. This could entail a reclaiming of all the Former Value Gap (FVG) zones at lower levels, potentially setting off a scenario akin to a "free fall."
The stakes are high, and the next few days will be crucial in determining the direction of Bitcoin's trajectory.
💬 Drop your thoughts and insights below. What's your take on Bitcoin's current candle movements?
Let's keep the discussion going and navigate these uncertain waters together.
Happy trading!
_Candles_Are_Not_Looking_Good!_(1).png)
As we step into the final week of the month, all eyes are on Bitcoin's recent movements, especially around the newly breached All-Time High (ATH) zone.
It's undeniable that we're witnessing some concerning signs near this pivotal area. Over the past three weeks, the candles have painted a rather bleak picture, with each successive week seeing a decline. Last week particularly stood out as we witnessed the re-test breaking and the candle closing in the red.
Now, as we enter this week, it's fair to say that this could be a make-or-break moment for many of us in the trading community.
If Bitcoin fails to hold above the breached zone this time around, it's highly likely that we'll witness a significant downward movement. This could entail a reclaiming of all the Former Value Gap (FVG) zones at lower levels, potentially setting off a scenario akin to a "free fall."
The stakes are high, and the next few days will be crucial in determining the direction of Bitcoin's trajectory.
💬 Drop your thoughts and insights below. What's your take on Bitcoin's current candle movements?
Let's keep the discussion going and navigate these uncertain waters together.
Happy trading!
Bilagor:
Medlem sedan May 08, 2023
93 inlägg
Apr 07, 2024 at 20:25
Fingers crossed it will start dropping soon.
Medlem sedan Apr 08, 2024
43 inlägg
May 01, 2024 at 08:32
I think next 3 or 4 month will be a bear market.
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