LevRidge

BTC update market structure

Short
BITFINEX:BTCUSD   Bitcoin
From a market structure view, looks like bears are about to take this lower.. Pretty much the same setup that brought us to these lows... down trend.., pull backs with a failure by bulls to break it upward..

currently we wicked below the start of the next down trend which tells me it's a weak low and should break soon.. I was hoping for a harmonic move to $29,000 first but I doubt I get that now. gl!
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.