Simple support & resistance.
BTC price went below 28 Feb 2021 low.
I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down.
Market sentiment is very negative.
Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down.
Next support around 37-39k as per my lower price lines.
BTC price went below 28 Feb 2021 low.
I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down.
Market sentiment is very negative.
Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down.
Next support around 37-39k as per my lower price lines.
Comment:
Bitcoin confirmed drop to 37k then further to $32k!
Congratulations to everyone who followed my idea & made money :)
Congratulations to everyone who followed my idea & made money :)
Comment:
Chart still in downtrend albeit it looks to be slowly reversing.
Keep ready to short if trading long term & keep open unless breakout above 36k
Keep ready to short if trading long term & keep open unless breakout above 36k
All technical indicators say sell.
Be careful next 6-12 hours could be limit of dead cat bounce
Before drop down.