TradingView
DeGRAM
Mar 28, 2020 8:09 AM

Bitcoin will continue to fall ( Short

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin could not exit the falling channel.
Price broke through a small support line.
You should not expect growth, t trend is falling + price has broken the support line + BTCUSD in the falling channel.
Now I expect a fall to the bottom line of the falling channel.
Comments
Protixder
DeGRAM
@Protixder, thank you for analysis!
quantumfly
But may fall to below $3,600. The probability of lower falls obviously increases with each lower price, hence the probability of a fall below $3,600 may increase to greater than 50% should the BTC price hit $3,600. These probabilities are part of a fluid dynamic, in which the probability of price X may only be derived from the fact of price Y, alongside Chart Analysis and in particular whether the macro is bullish or bearish
DeGRAM
@quantumfly, good comment!!!
DeGRAM
@quantumfly, thanks for your opinion
quantumfly
I concur.
DeGRAM
@quantumfly, mutually!!!!
martinbrits28
Agree 100% as per my reply to SEYED98 below
DeGRAM
@martinbrits28, perfect!
DeGRAM
@martinbrits28, thank you for thoughts!
More