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Mihai_Iacob
Apr 8, 2021 6:56 AM

Bitcoin- the moment of truth Short

Bitcoin / U.S. dollarBitstamp

Description

Yesterday, Bitcoin dropped under horizontal 57k support and took a dive just to touch 55k zone, where the trend line lies.
As normal, a rebound has happened from here and the cryptocurrency is back to 57k again.
At this point, from my point of view, things are clear, either bitcoin will break the trend-line and 55k recent low and, at that point, we can really expect 42k zone, either bulls will take control and bring the price back to 59k zone and this will negate my bearish scenario and we can expect new ATH and the symmetrical triangle to payout.
I remain bearish with SL in BE at this point.
Comments
JacintoMonteiro
So far we are just testing daily MA50. Which is something very normal as we all know.
Mihai_Iacob
@JacintoMonteiro, let s see what s next
damianczarny
in BE at this point.

Please tell me what means BE shortcut. I am new in.
Mihai_Iacob
@damgraf, break even
thevenox33
Bear months incoming
Mihai_Iacob
@thevenox33, i thinks so
YMGroup
excellent view
Mihai_Iacob
@YMGroup, thanks
BULLSS1993
Great chart mate !
Mihai_Iacob
@BULLSS1993, thanks
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