Bitcoin
Short

95 days at this level. Will support hold or break?

We are right on the cusp of breaking down now. Bulls would need a bounce here + enough momentum to keep going and break up. Not impossible of course - so make sure you exit short here if we start moving up.

However a break down here could lead all the way down to 10k area! If it does we would have quite a bit of volatility introduced for some quick big bounces.

Let's see how it plays out. I'm going short here.
Beyond Technical AnalysissqueezesupportSupport and Resistance

Related publications

Disclaimer