empty
 
 
26.01.2021 11:51 AM
Bitcoin Further Drop Signaled!

Bitcoin (BTC/USD) is traded lower at 31,876 after failing to stabilize above the 34,000 psychological level. The price has shown overbought signs lately. That is why it could slip lower in the short term.

BTC/USD failed to come back towards the $41,986 all-time high signaling exhausted buyers and a potential corrective phase. The rate is in a corrective phase now, a further drop could be natural as long as BTC/USD is located deep in the seller's territory.

BTC/USD Breakdown Confirmed!

This image is no longer relevant

As you can see on the H4 chart, BTC/USD is traded below the black uptrend line after dropping from a triangle pattern. It rebounded in the short term. However, its failure to stabilize above the uptrend line or to reach the median line (ML) signals a deeper drop.

The price is traded back below the Pivot Point (32,948) signaling a further decline towards the S1 (28,045) level. The selling pressure remains high as long as the price stays below the PP and under the median line (ML).

Trading Tips!

The current drop below the PP (32,948) level represents a short signal. BTC/USD could approach and reach the lower median line (LML), S1 (28,045) in the short term.

It could still slide even if it comes back to retest the PP (32,948) level. A larger drop towards the major uptrend line will be activated by a valid breakdown through the $28,000 level.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada April kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback