Mihai_Iacob

Bitcoin is drawing a nasty picture

Short
BITSTAMP:BTCUSD   Bitcoin
If you've read my analyzes in the past months, you know that I'm bearish Bitcoin and the Crypto market in general and although I've had some short-term buy trades, my overall bias remains unchanged: bearish on the medium-term.
In my previous post, I draw attention to a large bearish flag visible on our daily chart.
Now the price is under 40k and more importantly, it also looks like we will have a break of the support trend line of this flag.
That being said, I expect a continuation to the downside with a 30k target.
Also, shorter-term traders can look at 34k previous low for their target

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.