I believe that bitcoin has been in price acceptance for the past weeks. But today I think that has changed. The powerful downward move on high volume through the boundaries of the symmetrical triangle signals a shift to me. A shift from consolidation to trend.
Kommentera:
Next up is the important support level of $6500. But so far the response buying has been rather weak. Bearish outlook continues.
Trade stängt manuellt:
I'm exiting my short position here. Don't know if bottom is reached or not, But I feel that we have dropped a lot in a short time.