There is still high probability BTC will test the bottom again!!

We can see from the chart above, there is deviation in the Stochastic chart, which is one of signals of the bearish market. And the range of the candle stick is shrinking gradually when the price is reaching its bottom line. In the the long-term perspective, the interval 7000-6000 will be the strong support for the BTC. So I recommend to sell short at near 8000 and the target profit would be from at least 7000 to 6000.https://www.tradingview.com/chart/cKOoIPx5/

Kommentera:

It's good to see that the trend now is in our favor. if you haven't sell short the BTC 7300 would be the most nearest short-term support line to determine whether the BTC will continue to drop to the 7000. So let's keep watching this show.