Corona Virus Defeats Bitcoin. Chinese Non stop selling

Hey guys whats up seems that the liquidity is drying up in all sectors of the market now with the corona virus spreading worldwide
Chinese may be cutting off risky assets such as bitcoin inorder to survive as the economy tumbles
from a technical standpoint a nice head and shoulders pattern has formed for wave ii of (c) you can try shorting here with a target of 8750 to 8550 to cover shorts
stop above 10k
happy trading

Kommentera:

Short looking good with the break of the neckline of the head and shoulders reversal. wave (i) of (c) maybe developimng here.
All bounces should be shorted
Happy trading!

Trade stängt: målet nått