Medium-term the chart looks a M-top and this signifies a much lower value to be seen.
The neckline is around $ 35,000 and once we extablish below this level we should see developing a move to BELOW $ 10,000.
I understand the whole worlds feels we should see higher Bitcoin levels, but I am not agreeing with that idea at all.
For now SELL $ 39,000 - $ 41,500 and take profit @ 17,500 for now. Stop-loss above $ 46,500.
The neckline is around $ 35,000 and once we extablish below this level we should see developing a move to BELOW $ 10,000.
I understand the whole worlds feels we should see higher Bitcoin levels, but I am not agreeing with that idea at all.
For now SELL $ 39,000 - $ 41,500 and take profit @ 17,500 for now. Stop-loss above $ 46,500.