BTC broke down below the $36300 level and unfortunately, my previous chart got invalidated.
TBH, I didn't expect this much-accelerated selling.
All we have seen is a series of red candles for the last 6 weeks.
The market is due for a Green candle week.
$30k is the floor you already know that.
Also happens to be the lower support level of this channel.
I still expect a bit more downside all the way to $30k. That will be a level to keep an eye on.
Although bulls are weak at current levels.
Expect some surprise. I'll be going more deeply into the chart this week.
Let me know your thoughts.
#PEACE
TBH, I didn't expect this much-accelerated selling.
All we have seen is a series of red candles for the last 6 weeks.
The market is due for a Green candle week.
$30k is the floor you already know that.
Also happens to be the lower support level of this channel.
I still expect a bit more downside all the way to $30k. That will be a level to keep an eye on.
Although bulls are weak at current levels.
Expect some surprise. I'll be going more deeply into the chart this week.
Let me know your thoughts.
#PEACE
Trade active:
Unfortunately, we broke the $29k support. I'll assess a new chart and post soon.
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