BTC/USD : Rejected from 1st bullish trendline

BTC/USD : Rejected from 1st bullish trendline

BITSTAMP:BTCUSD
Hello everyone 😃

BTC had a rejection from bullish trendline, Also last closed candle confirmed it..
There are many newcomers who use high leverage, so every price dump is Huge.
The major part of stop losses and liquidations are located in the zone $52000 – $52500.
Now MACD had a bearish crossover on 4H and 6H TF, So we expect a retest on 2nd bullish trendline and Support zone !

📌 Below 52K zone will cause more fall, Shorting BTC is so risky now, Just USDT…

Attention: this isn’t financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

Published at Mon, 22 Feb 2021 12:15:46 +0000

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