Everything is in graph. BTC dropped from his triangle and found support on EMA50 H4 atm. it can be a Shakout but have to be carefull.
So if we break this Trendline, i added in the chart some interesting points where we could have a bounce. no reason to panic for now but if we breakdown 17500ish it could be an alarm to see some more lower prices.
Support 1 : EMA200 H4 : 17500ish ----------------------------------------- Support 2 : EMA50 D1 : 16500ish Support 3 : EMA50 D1 : 14500ish Support 4 : EMA50 D1 : 12500ish
Happy Tr4Ding and St4y S4fe !
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Zoom in H4 for first support
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Zoom Out D1
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to make it simple :
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H4 last support
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bounced on H4. not meaning we are not going to visit lowers. stay safe.