LuokeNike

BTC Needs to Break Through resistance or going to $6850

Short
BITFINEX:BTCUSD   Bitcoin
Currently still more sell pressure in this low volume vacuum of despair. If bulls don't pick up the pace soon, BTC will likely fall to around $6850. Once there is may continue to fall if buy pressure doesn't pick up or will bounce back $7500. Once there it can break through resistance with enough buy pressure or crash down again.

Since it's still a bear market, Low volume = red candle waterfalls. Bulls need to put their money where their twitter feed mouths are.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.