depruem
Long

This is why I think Bitcoin price no longer

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
has to go lower back to 7k or even 6k region. Now this affinity that is forming has a downside and upside; recent h&s was in an uptrend so it should be clear that the price appreciated because of its direction (ignoring the structure, h&s ). But on this current side ways, it is in a downhill, goes to show that it should continue going lower. Fortunately (for the bulls), current forming h&s is too complex for it to be a corrective structure inside of a bearish impulse.

If bear is vigor and strong support broke, it is a signal of a devastation of price going back down to 3k.
Interesting observation there
+1 Reply
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