Bitcoin Short-Term (Ready For 44444 Lower)

Aug 6Just yesterday Bitcoin produced a major low characterized by maximum bearish momentum.

The move started on the 29 of July from a high price of $70,079 and bottomed at exactly $49,000.

➖ A normal reaction is now apparent.
➖ There is no momentum;
➖ The feeling is null;
➖ Volume is low.

Based on current market conditions and signals, lower prices are likely to follow next in the short-term. By short-term in this instance we refer to days only.

👉 The next target can be seen on the chart. 44444.

Namaste.

Aug 8

Comment

This move here:

This is a short-term signal. It denotes bearish pressure.

Aug 9

Comment

The short is on.

I have some numbers that look something like this:

Leverage: 4X - 8X

Current price: $59500

Entry levels:

1) $62000
2) $59000
3) $57500
4) $55000

Targets:

1) $53000
2) $51000
3) $47500
4) $45000
5) $43000