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UnknownUnicorn6061584
Feb 25, 2020 7:11 PM

BTC|USD - Signs of a Continuation of the Decline Short

Bitcoin / U.S. dollarBitstamp

Description

Greetings. Please leave a Like if you like the idea

On yesterday's chart I showed we have three bearish engulfings on daily and the 9500$ support is lost. Which is pretty bearish.

Here is the Local view: on 4h timeframe we have four bearish engulfings in a row and the fourth one crossed the horizontal. It's a strong confirmation of a breakout and the Reason to take short.

For price to be bullish again we need see a close above 9500$ at least. Current priority is short

Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.

Peace Out!

Not a Financial Advice
Comments
UnknownUnicorn6653705
Potential interesting Bitcoin fractal in this idea below:

UnknownUnicorn6061584
@WilliamLockhart, insightful
UnknownUnicorn6061584
@WilliamLockhart, thank you for sharing
moon333
thanks buddy, i really ignored these candle stick pattern
UnknownUnicorn6061584
@moon333, you are welcome
UnknownUnicorn6061584
@moon333, thanks for support
blackshell
great prediction my dude, you nailed it
TradingOn
Awesome call mate!
UnknownUnicorn2774089
Yep, people putting their money on Gold
AlanSantana
Nice call... This is a really nice chart and it played out nicely...

Can Bitcoin go lower, or will it bounce?

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