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BLZcapital

BTC: More Pain Ahead.

Short
Bitcoin (COINBASE:BTCUSD)  
BLZcapital Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Chart Patterns
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trendanalysis chartpattern
As you can see, BTC has been in a huge downtrend of resistance. We are coming up to a critical moment, where resistance and support are squeezing together, which calls for a move... According to my analysis... I see more pain ahead for BTC & I think the ultimate bottom will be that $3k area... Follow for more updates.

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Comment:
Green arrow is pointing towards that major downtrend resistance... I wouldn't buy BTC until a weekly candle closes outside that. Green shade is where I see the potential bottom.
Comment:
Watch the bull trap breakout....
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