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CryptoEstratega
Jun 24, 2021 6:25 PM

BITCOIN: Looking bearish, possible break of support incoming.  Short

BINANCE:BTCUSDT1D
Bitcoin / TetherUSBinance

Description

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BTCUSDT in the Daily, looks bearish as it is now, because:

  • Below the Ichimoku Cloud
  • Below the 180 EMA
  • At the start of a possible weak downtrend (Hull suite indicator)
  • Possible build up against support, before a breakdown


If price continues building up against support, a possible breakdown could push BTCUSDT price below the support of this range (31K to 28K)

Volume did increase at this small bounce off support, but if price continues building against support, things will be looking bearish.

ALWAYS PRACTICE RISK MANAGEMENT, RISK MANAGEMENT IS VITAL TO TRADING.
Trend AnalysisChart PatternsTechnical IndicatorsBitcoin (Cryptocurrency)bitcoinforecastbitcoinpricebitcoinusdbitcoindollarbitcointradingbitcoinanalysis
Comments
V9U
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perfect bro
CryptoEstratega
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@V9U, Thank you! let's see what happens.
V9U
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@FrancisPetkovich, according to market cap in 2020 march panic only btc market cap was 50billion now we see 0.5 to 0.6trillion according to my ta 50 was old market so 50x6=300 I don't think market btc will we see below 300 so buy point is 400 too 500 is dip from my side we never seen in 2021
V9U
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@FrancisPetkovich, 24k is last dip I mis 29.8 dip one stupid come in my office I give him time 30 percent buy here can be done or I try to buy 100 sol coin for short term
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