Bitcoin has made a U-Turn for this cycle: Bear Power
Bitcoin is making lower low and lower high giving bearish signal for long but today Bitcoin has broken its major trend line support started early this year formed from 3K to 13K..
From my previous analysis, we can see Bitcoin is giving signal only for sell. Recently we had seen few pullback to $10,300 but price has been rejected and its acting as strong ‘Resistance’.
Now in downtrend It will find next support at $8900, 7800, 7100. We will analyze again,when it reaches near next support based on how it reacts with it.
Until than create short position make profit at each drop .. Please like my idea and follow my idea for live alerts.
Target: $8900, 7800 and 7100
SL: $10,300 or 9,800 (depend on loss you can bear)
Now god save cryto coins.. It will sky rocket to bottom... Bear are in Control..
From my previous analysis, we can see Bitcoin is giving signal only for sell. Recently we had seen few pullback to $10,300 but price has been rejected and its acting as strong ‘Resistance’.
Now in downtrend It will find next support at $8900, 7800, 7100. We will analyze again,when it reaches near next support based on how it reacts with it.
Until than create short position make profit at each drop .. Please like my idea and follow my idea for live alerts.
Target: $8900, 7800 and 7100
SL: $10,300 or 9,800 (depend on loss you can bear)
Now god save cryto coins.. It will sky rocket to bottom... Bear are in Control..
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