Descending Triangle on 4Hrs (240min) Chart is looking really ugly, there is now enough evidence to believe that Bitcoin might be heading down to $21-$22K as a TA target of the triangle.
Unless the bulls take over within this week, we are going to dip really good to test 2017 all-time high (which is still healthy in my opinion), that would be the worst-case scenario. However, there is some weak support between 27.5K -25.5k but I don't think it will hold for more than a bounce maybe.
Note: I wouldn't SHORT Bitcoin at this time, it's going to be extremely volatile if it breaks down and it could find a bottom and bounce really hard at any level before.
Unless the bulls take over within this week, we are going to dip really good to test 2017 all-time high (which is still healthy in my opinion), that would be the worst-case scenario. However, there is some weak support between 27.5K -25.5k but I don't think it will hold for more than a bounce maybe.
Note: I wouldn't SHORT Bitcoin at this time, it's going to be extremely volatile if it breaks down and it could find a bottom and bounce really hard at any level before.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.