Bitcoin could to form a bearish channel; but bullish to hold!!!
In this analysis, this it's another update of the chart that Bitcoin it's continue down in H4 timeframe. And that what I selected in red circle this it's an theory that price action it's show a bearish candlestick group.
Now if you see in H4, this it's so bearish for the crypto market. But if you see in the chart like H1 or H2 timeframe, you can to noticed that Bitcoin it's below of the EMA 200, that mean that Bitcoin it's in the bear trend.
And that, it's the H8 timeframe and it's bearish too.
So, in general, I'm short Bitcoin from the $33,000 USD. Remember, if you follow me my signal that I post in my past Bitcoin analysis. Now, if Bitcoin doesn't break down the support of $28k, we could to formed a bullish setup channel for Daily chart that show us that Bitcoin it's prepared to go up and then, we could to considered to hold Bitcoin in this long position above of $28k, But if in any case Bitcoin doesn't support the $28k, we could to have a probable more drop toward 25,700 USD and included $22k, but for that bear scenario, I hope a break down of $28k Ssupport to re-continue sell Bitcoin toward the $22k.
That it's my own plan!!!
So, we hope that Bitcoin continue down toward the $28k, that it's my support key to considered that Bitcoin it's need to stop the down.
Now if you see in H4, this it's so bearish for the crypto market. But if you see in the chart like H1 or H2 timeframe, you can to noticed that Bitcoin it's below of the EMA 200, that mean that Bitcoin it's in the bear trend.
So, in general, I'm short Bitcoin from the $33,000 USD. Remember, if you follow me my signal that I post in my past Bitcoin analysis. Now, if Bitcoin doesn't break down the support of $28k, we could to formed a bullish setup channel for Daily chart that show us that Bitcoin it's prepared to go up and then, we could to considered to hold Bitcoin in this long position above of $28k, But if in any case Bitcoin doesn't support the $28k, we could to have a probable more drop toward 25,700 USD and included $22k, but for that bear scenario, I hope a break down of $28k Ssupport to re-continue sell Bitcoin toward the $22k.
That it's my own plan!!!
So, we hope that Bitcoin continue down toward the $28k, that it's my support key to considered that Bitcoin it's need to stop the down.