Those are the reasons why I think that the Bitcoin will go down.
1. There is a downtrend (market is making lower highs and lower lows)
2. 10 days of sideways price action - heavy volumes (probably shorts) accumulated there.
3. POC (Point Of Control) of 7 months
4. Weak low without any apparent aggressive buying activity
That's why I think Bitcoin is ready to break this year's low at 6037.
1. There is a downtrend (market is making lower highs and lower lows)
2. 10 days of sideways price action - heavy volumes (probably shorts) accumulated there.
3. POC (Point Of Control) of 7 months
4. Weak low without any apparent aggressive buying activity
That's why I think Bitcoin is ready to break this year's low at 6037.
Trade closed manually
Trade closed: target reached
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