andretco

BTC 10k

Short
andretco Updated   
BITFINEX:BTCUSD   Bitcoin
hey guys...

upper trend lines are getting weaker...
There is a week indication that we are going up in the triangle, however my guess is that we test 10k and go down.
Comment:

Forgot to put the support lines
Comment:
The weak bounce support did not happen...
I expect the bear channel to start forming now

We may form a hammer on the candlestick and move along the blue line, or we can break down.

Comment:
Hammer formed below... upon confirmation with bull candle, it will bounce back...
Some resistance at blue line above, big resistance at magenta line...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.