BTC: Waiting for a Bearish Confirmation

BTC: Waiting for a Bearish Confirmation

BTC looks like it is losing the bullish steam.

So far it's still bullish, but overall it's taking the form of a bearish pattern.

A move below the pattern could push the price further and probably this could be the start of a larger bearish wave.

The price will face a very strong resistance zone near 40K and if this zone is broken, the next zones are 39K and 38K.

You may find more details in the chart!

Thank you and Good Luck!

Kommentera:

Near to the first targets.
If you want to close you can take profits also in this area. Fast profits:)