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50.2-52K mid term target

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Morning guys,

So it seems we've correctly reversed our position down from 62K area. Today we increase the scale a bit and take a look at daily chart. Indeed BTC has broken triangle down as we've suggested. But it is more important that it also has broken K-support level and only oversold stops the downside continuation.

This makes us to consider next downside target as 50.5-52K where next strong support stands. But before that BTC could show tactical bounce up to 60.5 area because of oversold, and maybe re-test broken triangle line.

I'll anyway mark this update as "bearish" although first we could get the upside bounce...

Profit to everybody,
All the best...

交易進行

As you could see guys - everything is going great, according to our trading plan. Upside pullback that we've discussed has started...