utechs

Bitcoin Monthly Time frame analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Hello all,

Monthly Time frame still has many room to go down,

  • It can go in steeper trend till reach blue trend line ,
  • Going slowly with many pullbacks,
  • Or side way movement.

Level to watch

  • 6000+
  • 5500 - 6000
  • 4300 - 5000
  • 2900 - 3800

This not a trade setup, it's just an analysis.

Thank you
May 11
Comment: This idea is working like a charm
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