Breakdown:
Possible descending trendline:
We broke the immediate ascending trendline on the lower timeframe
The price also made 3 points of contact for a descending trendline
If the price recovers and breaks out I could always enter into another long but I'd rather play it safe
There is also major bearish divergence on the 1D stochastic RSI
Disclaimer:
Crypto Trading is risky business and you can loss partial or full amount of money. This Trade view is not a guarantee and only my personal speculation. Trade at your own risk with that money only you can afford. Bitcoin unexpected pump or dump will make this analysis void.
we can win here
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That's why we are here.. :)
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