BTC/USD. Waiting for a jerk up followed by a fall.

Hello, gentlemen.

Before you exchange chart of our main currency pair BTC / USD. Most traders, including me, believe that in the near future the price of bitcoin should collapse. The main reason for this forecast is that bitcoin is still too expensive to start its growth. This is confirmed by the fact that trading turnover on all currency exchanges is quite low, there is no influx of new traders and investors. For a new increase in the price of the coin, bitcoin should fall much stronger and pass the phase of consolidation of funds.

Exchange "Binance", timeframe 1 day.

Lines (1) and (2) - local support and resistance.
Line (3) - the price level of $4000, starting from which many players have large orders to sell. In case of price growth, on the price segment $4000 - $4200 bitcoin will meet the maximum resistance. From this level, the next drop in the price of the coin will begin

In connection with this forecast, I expect in the near future the collapse of prices on most altcoins, while their next price lows they will not break. On some altcoins (LTC, BNB) there will be a correction of the course.

I think that this exchange alignment will happen in the coming days. Traders trading altcoins should be very careful.

Good luck!

The @upvoteinvest team

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