Hello fellow traders,
The recent price action of BTC going down has confirmed a top of channel trend line that has been forming for a long time.
This trend line has been tested at the top over 4 times and the bottom 2 times over the last 2 years.
This indicates a bearish price action ahead, towards the middle of the downward trend channel.
Price will be likely to be tested at $19K support, just under $20k.
If $19K support doesnt hold, the bottom of the downward trend line sits at $16k.
For now I would exit BTC and look to do some low leverage shorts, 2x.
If you want more premium ideas, click the link below!
Have a nice day traders.
Cheers.
The recent price action of BTC going down has confirmed a top of channel trend line that has been forming for a long time.
This trend line has been tested at the top over 4 times and the bottom 2 times over the last 2 years.
This indicates a bearish price action ahead, towards the middle of the downward trend channel.
Price will be likely to be tested at $19K support, just under $20k.
If $19K support doesnt hold, the bottom of the downward trend line sits at $16k.
For now I would exit BTC and look to do some low leverage shorts, 2x.
If you want more premium ideas, click the link below!
Have a nice day traders.
Cheers.
註釋
BTC Slowly Crumbling to $19kDeath by a thousand cuts until an artery gets hit.
Stay bearish.
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