- Price is likely to travel further South
- Short term bottom at support = low of 6/2/18 = lowest low of 2018
- If price reaches this point ($6000,-) a head and shoulder pattern is confirmed
- Price will likely bounce off this level and will rise towards the descending trendline
- We are in a bearmarket and the overall marketsentiment is bearish
- Without a huge bullish newsevent price will be rejected by the trendline and turn South again
- In that case support will be tested again
- If price closes under support/neckline/$6000 >>> Short BTC >>> next stop $3000,-
- Short term bottom at support = low of 6/2/18 = lowest low of 2018
- If price reaches this point ($6000,-) a head and shoulder pattern is confirmed
- Price will likely bounce off this level and will rise towards the descending trendline
- We are in a bearmarket and the overall marketsentiment is bearish
- Without a huge bullish newsevent price will be rejected by the trendline and turn South again
- In that case support will be tested again
- If price closes under support/neckline/$6000 >>> Short BTC >>> next stop $3000,-