Bitcoin
Short
Updated

BTC - Bear

381
Whenever discussing the multi month BTC run up I always said "volumes speak volumes" and the volume was never here to support it let alone sustain.

Expecting some new recent lows in the high $1700 range.

If BTC breaks $1600 a 50% devaluation from the current price is not unrealistic.
Note: last summer BTC was trading in the $750 range.
Note
actually feel bad when this hits under 1k
should be a great time to reload not give up

distribution phase about to commence
Note
2100-2200 lose ground 1800,1600 arent far away support wise

Im going to speculate a return to the 1000-1200 support range if we dont see any significant fundamental news items this month
Note
snapshot
Note
snapshot
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.