Bitcoin Enters Price Discovery

I believe that bitcoin has been in price acceptance for the past weeks. But today I think that has changed. The powerful downward move on high volume through the boundaries of the symmetrical triangle signals a shift to me. A shift from consolidation to trend.

Note

Next up is the important support level of $6500. But so far the response buying has been rather weak. Bearish outlook continues.

Trade closed manually

I'm exiting my short position here. Don't know if bottom is reached or not, But I feel that we have dropped a lot in a short time.

Zendey

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Zendey