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Friday, November 25, 2022

BTCUSD ❕ tests the downtrend line

BTCUSD ❕ tests the downtrend line

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

On the 4H Timeframe price tests 50EMA as resistance and on the 30m 200EMA as resistance.
The RSI chart shows a switch of initiative to the sellers (1H TF).
I expect BTC to fall after fixing under the downtrend line.

Via TradingView Ideas

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