alldyn_pip_king
Short

BTC setting up for a potential bearish run

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We have some very strong areas here where the price is automatically attracted to (Confluence areas). We have a very strong uptrend as noted by the rally lines ( RL ) and what I am looking for is to have those lines tested and broken. As they are broken I am expecting the price to be pulled to the next RL . (Bias is a Bearish Expectation)

The strong confluence area is a very strong area (9000) where price action has seemed to stall. When the currency had it's rally it broke past this area (psychological) and shot upwards. If there is enough momentum to get past this area I will have another analysis in the future but I don't believe that there is at this time to see further bullish pressure. (See bias)

We also have at play here strong support areas (pink lines) to pay attention to as price continues to correct.
See report @ https://www.newsbtc.com/2019/06/04/analy...
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