Mihai_Iacob

Bitcoin- A drop under 40k looks very probable

Short
BITSTAMP:BTCUSD   Bitcoin
After the last local high at 53k from the beginning of the month, Bitcoin has started to roll back down and is making lower highs on our daily chart.
The last high is marked by a strong bearish engulfing on Friday and can signal a drop under 40k
In My opinion, rallies should be sold for a new visit of 30k
A daily close above 47k would negate this scenario

🚀 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.