Expecting a huge downside move for bitcoin .. About a 50% drop from this level. When bitcoin breaks through the support zone at around $30.500, we will easily $23.000 back. Expecting even to get our previous ATH from 2017 to be retested, turning the ATH from resistance into support. The black trend line that bitcoin has been respecting as 'support' for over a month has now broken and is retested as resistance. We also have a lot of CME Gaps on bitcoin that haven't been filled yet, due to the bullrun. Expecting bitcoin to hit $23.000 - $19.000.
Comment:
We've seen price-action retest the black trend, perfection! Now price-action has broken through our strong support zone at $30.500. If this 4H candle closes under the support zone in about an hour, we'll see 27K very soon as our first stop! Still confident of seeing $19.000 - $23.000 coming through.