ergash1982

BTC Could fall again

Short
ergash1982 Updated   
BITSTAMP:BTCUSD   Bitcoin
4hr RSI bearish divergence came up, 2 hr also some on 6 hour

volume is gone

i expect it to fall to 38k maybe less, if it does that then bear market is back.

so far it broke 42k area which was big resistance and range it was going, now should have been support but it broke very fast.

i believe we going to test the big trend line which is at 33k, if this breaks then we go to 20s

good luck and trade safe

Comment:
daily indicators still have the strength to go down maybe to 33k area
Comment:
it tested the 0.61 fib yesterday after the fall, and didnt manage to go over it and stay there, so it will test 0.5 fib which is 37.5k
Comment:
not financial advice
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