As indicated before in my previous analysis(see links), Bitcoin needed to break out and close lower than 35555 for a continuation to the downside. As expected, Bitcoin has just broke out the symmetrical triangle on the 4 hour chart. and I expect it to continue down to the next target around 28000.
You can rest assure that bitcoin is not going up for the moment, if you are short, you stop should be around 36000 and target 32000.
Good luck to you all!
You can rest assure that bitcoin is not going up for the moment, if you are short, you stop should be around 36000 and target 32000.
Good luck to you all!
Trade closed manually:
looking at price action the last couple of hours, I believe Bitcoin is going to reverse up .
I am out of my position with a small profit,. Even though, price can perfectly continue dropping but then II rather take that small profit than staying in a trade that im not so confident about.
I am out of my position with a small profit,. Even though, price can perfectly continue dropping but then II rather take that small profit than staying in a trade that im not so confident about.
