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VaidoVeek
Jun 11, 2018 6:30 AM

BTC BEARISH Weekly Close! Short

Bitcoin / DollarBitfinex

Description

BTC dropped in last weekly candle close to $1000 & this candle close gives us a large amount of bearish signs. BTC weekly candle close was $6758 - we had similarly low weekly close in 6. november 2017 where our close was $5810. So we think - it BTC drops more, then the next levels to watch are $6366, $6000 and the main support area where is no candle closes is $5000-$5500.
The big Bearish sign is, that our weekly candle closes below triangle bottom trendline. We could retest it, meaning that we will first touch 7000$ and then head down from there but let's see what the price action offers to us.
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