Bitcoin's Crash, Continue its Bearish Bias to Under $16402
Hello Fellow Bitcoin Trader/Investor!
Chart Perspective
Bitcoin is moving below EMA 200, indicating a bearish trend. The breakout of the bearish channeling is an indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
Chart Perspective
Bitcoin is moving below EMA 200, indicating a bearish trend. The breakout of the bearish channeling is an indication of upcoming bearish sentiment. Recently, The MACD Indicator made a death cross, confirming a possible downside movement to the target area.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
Trade closed: stop reached:
Sorry for the recent losing streak after a series of winning streaks, I'll evaluate the strategy shortly.
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