Short on $BTC
A weekly chart on bitcoin shows the bears are fully in play and have taken over the market for the past three months and counting.
2017 bear market era might repeat itself when bitcoin dipped from $20,000 to $3,000.
An analysis was done on the weekly time frame comparing the higher highs and higher lows..
A double triangle pattern has been formed ..but then the first support zone of 20k has been touched with a strong
bearish candlestick..
Once it touches again for the second time and if there is no rebounced and the support cannot hold, we shall be headed to a massive
downtrend of prices around 18k, 16k or even 14k.
Trade with caution..
2017 bear market era might repeat itself when bitcoin dipped from $20,000 to $3,000.
An analysis was done on the weekly time frame comparing the higher highs and higher lows..
A double triangle pattern has been formed ..but then the first support zone of 20k has been touched with a strong
bearish candlestick..
Once it touches again for the second time and if there is no rebounced and the support cannot hold, we shall be headed to a massive
downtrend of prices around 18k, 16k or even 14k.
Trade with caution..
Feragatname
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