penguintrader

BTC downtrend

BITMEX:XBTUSD.P   Bitcoin
LH and LL made,
Officially entered a downtrend on the Daily timeframe
looks like a re-trace on the Weekly
Will be good to watch over the next few months ...
Comment:
heres hoping it swings up over 60 or at least pushes sideways... but thats just the permabull. Likely to head down
Comment:
So far holding 50k a leg up from here means we get that sideways movement which would be nice, though still likely to go down

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