don't be surprised of the fast drop at last update we said: " For now we can see BTC -3.25% rebound from $6950/6750 to $7350/$7700 once again Retest SMA 120 Broken Channel This expectation has a small percentage of success.
But happened or not, we still below resistance and bearish trend
So be sure you follow Capital management "
================== our expect for rebound from $6750/6950 failed and as we saw BTC drop fast.
why that? because we follow the bearish trend as we told you
right now we can see oversold at daily and 4 Hour frame but no bullish reaction happened yet Next Support located at $6300/6170 from this support expect btc and market will take his breath But the destination still to $5750 pass it, we will see a new low for movement since DEC 2018 for now, we don't suggest open any long trade until we got a bullish sign from strong levels we ask Allah reconcile and repay
Note
#BTC Update we update we set Support zone at last update around $6300/6170 and said expect the market will take his breath from this levels as we can see BTC grow up +5.5% from $6180 we already active buy signal at our VIP service from $6180 and gained the first Target also we mentioned it for you at public updates
but what the next?
we can see a Bearish pattern at daily frame H&S Pattern Expect retest $6750 $6900 This is A barrier to the market because if BTC back one again above $7000 will make people calm, and They begin to think about the end of the bearish trend once again.
All eyes on $5500 as a bottom "think like a wolf" read this post once again
So our expectation say
BTC will drop from $6800/6900 to $4700 or less than this level
The chart says if BTC back above $7000 weekly will make people and movement take another side of thinking
we have BTC from $6180 with VIP only because we follow our plan and we expect a drop
we have BTC from $5850 with VIP % stop at entry long term a secure trade
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.