Yuriy_Bishko

Bitcoin Dead?

Short
Yuriy_Bishko Updated   
BITFINEX:BTCUSD   Bitcoin
Price broke down Mirror level $6511 but there is no reaction and Volume totally decreasing.
It looks like no one wants to buy Bitcoin. For me, it's a signal that the price will move down far deeper.

Next goals $6331 and $6221

A year ago when the price hit low There was powerful up move with huge volume, but we don't see it now that, means big players don't support BTC at this moment. That's why I think about Short Only.

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Comment:
Price bounced down from the mirror level, you still can open a Short entry
Trade closed: target reached:
1st goal Done

Trade active:
Price can make 2nd wave down
The best place where we can open Short is near $6381

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