CRYPTOASKA
Short

Trend is changing!? BTC going down!?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi Guys!

As we see on this 1 D chart on Coinbase, we have some changes in the trend. I guess the uptrend is now exhausted and want to come down lower. Could be a healthy correction to the Fib level of 0.786 or complete melt down?

If BTC breaks the upward sloping trend line which is established for several months, then I see levels at least at the yearly lows of 2018 near 3,1 k. Could form a real double bottom and start the sideways trend for the next 5-6 months. Accumulation phase.

I see both scenarios playing out at the very moment, but first, we need the confirmation of the breakdown. I need to see 3750 levels break first.



Let's see...




Happy and safe trading!




*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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