Bitcoin breaks support short line
Hello Traders,
Chart says it all. Volume has been decreasing all day, it was only a matter of time till another fall from a new support line that was made. Wait for something to break and short it!! I would be looking at to close any short at hard support of $6256 and $6189 because we could have a bounce here. Next bounce could be $6069 if that fails. Expect $5878. These are the most bearish scenarios.
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Hello Traders,
Chart says it all. Volume has been decreasing all day, it was only a matter of time till another fall from a new support line that was made. Wait for something to break and short it!! I would be looking at to close any short at hard support of $6256 and $6189 because we could have a bounce here. Next bounce could be $6069 if that fails. Expect $5878. These are the most bearish scenarios.
Everything we provide is free and for the betterment of the community. Please give us a like and a follow. Remember everyday, new data, we try to stay up to date constantly. We have great group of good traders from the community here who are part of it and you can find it by checking our signature for more details. Tradingview is not a free community and there is not much we can say here without having issues with that or our charts deleted. So best thing is to constantly share updated charts and real time trading ideas. Check our signature.
Play the market don't let the market play you. Lets take back the power!!
If you want to educate yourself or share your ideas, come find us...
Stay Frosty.
Decentralized Live News
Trade active:
I consider this a no trade zone with no real market direction, Bitcoin is setup to fall but shorts are stacked too high. There has been a couple attempts to cause a short squeeze but all have failed so far.
I consider this a no trade zone with no real market direction, Bitcoin is setup to fall but shorts are stacked too high. There has been a couple attempts to cause a short squeeze but all have failed so far.
Comment:
End of the line with what looked like a possible bearish pennant.
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