(Basic Analysis) BTC critical moment 30-Min Chart

BTC/USD COINBASE:BTCUSD

Popwwe123

At the moment BTC is losing a very important historical support line, If BTC does not get back above the support then trouble is near. BTC is retesting the historical line but now it seems like the loss of the support became resistance which is very bad for the bulls.

(Basic Analysis update for my previous post which is based upon the 1day chart)

Overall Bitcoin seems extremely bearish and seems very likely that this major support line will be lost due to strong selling pressure

You might be interested in …

Trading View April 9, 2022

Crypto.com / Tether CROUSDT

Crypto.com / Tether CROUSDT Crypto.com Coin / Tether KUCOIN:CROUSDT AnzehCrypto I would wait for a clear breakout of this one. I wanna see a breakout with a retest of the symmetrical triangle to go long. […]

Trading View March 1, 2022

CRV

CRV CRV / TetherUS PERPETUAL FUTURES BINANCE:CRVUSDTPERP jasperigna Scalp short on CRV the market broke structure which shows that the market is favoring lower prices.

Trading View April 7, 2022

ETH/USDTPERP BINANCE

ETH/USDTPERP BINANCE Ethereum / TetherUS PERPETUAL FUTURES BINANCE:ETHUSDTPERP hades_777 Bearish point of interest, almost we’re looking for a flip scenario, reaction and an ltf reversal confirmation.