▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Bitcoin honest analysis and trading outlook for the days ahead. Here is what the chart is actually saying right now.
Bitcoin has lost the point of control and accepted into the value area low. The current support zone is not significant enough to hold in my opinion. The draw is towards the value area low and beyond that new lows between $52,000 and $57,000 is the most likely scenario.
That $52,000 to $57,000 zone is a massive area of support and the one I have been teaching inside Chart Champions. But we need to see the data of how we get down there before knowing exactly how to play it.
This is not what most people want to hear. But it is what the chart is saying.
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Any advisory or signal generated by ChartChampions and/or its associates is provided for educational purposes only. Any trades placed upon reliance on my systems are taken at your own risk for your own account. Past performance is no guarantee of future results. You must decide your own suitability to trade. Future trading results can never be guaranteed. I am not a investment adviser . Information contained within this video, tweet, web site, including e-mail transmissions, messages and any other associated messages/media (hereinafter collectively referred to as “Information”) is provided for informational and educational purposes only. The Information should not be construed as investment / trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any securities, cryptos or coins mentioned. None of the information communicated in this video is financial advice, we are not financial advisors and this information is for entertainment purposes only.
#Bitcoin #BTC #Crypto
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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