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TraderEddyY

Bitcoin Short-Term & Mid-Term Bearish

Short
Bitcoin (BITFINEX:BTCUSD)  
TraderEddyY Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSD Cryptocurrency
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trendanalysis chartpattern indicator bitcoin btcusd cryptocurrency
Although I am long-term bullish on Bitcoin, I remain bearish in the short and medium-terms. Support levels at 8k, 6k, 4k, and 2k. If we can hold 8k or double bottom at 6k, we might see a reversal. If we break below 6k, we will probably see a sharp selloff to 4k or even to 2k.

Good luck trading,

Eddy Yang
Comment:
Comment:
As predicted, Bitcoin continues its bearish trend in the short and medium terms, albeit a longer time frame than I predicted. Possible entry at RSI < 30 around 4k - 2k. Long-term bullish.
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