Mihai_Iacob

Bitcoin- Sell rallies for a break under support

Kort
BITSTAMP:BTCUSD   Bitcoin
In my previous Bitcoin analysis, I said that even 26k could offer support, I don't believe in a real reversal from here. I even had a short-term buy with a 28k target which was reached last week.
My idea remains unchanged and after last week's reversal, is reinforced.
Technically speaking, the support of the rising channel started at the beginning of the year is broken and, last week's candle is a Pin Bar, both with strongly bearish implications in the medium term.
That being said, my strategy is selling rallies for a break of support and only a close above 28k would change my opinion.
The next important support is 21k zone support which could represent bears' target in the medium term.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.