BTC Bitcoin Ponzi --Descending triangle being formed--

Previous upswing failed to breakout, and the 0.618 level was breached, meaning that a much more bearish move is to come. I am targeting around 3200 to even 3100 for the next downturn.

Short level: 3700-3750

Target Profit: 3200

Stop Loss: 3850

Kommentera:

Daily chart MACD is showing a rejection of the bullish incursion.

Kommentera:

Stop Loss MUST be respected as a breach of the 3850 level could mean a return to 4k levels and short positions liquidated en masse.

Trade stängt: Stopp nått