logindaten

BTCUSD will fall

BITFINEX:BTCUSD   Bitcoin
The Bitcoin will do another backtest in the direction of the 3300-3260.
I assume that the Bitcoin has a consulation phase in front of it.

The 200 EMA weekly chart will not be able to stop the bear market.
However, we must be aware how the market behaves in this zone.
If there is a bullish engulfing this could be considered a double bottom and you can expect rising prices.

enjoy the way

logindaten
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.