BitcoinShort
BTC Lower Low expected at 16XXX
General Bearish Signs
1. Candlesticks moving under MA 200
2. Candlesticks moving under ichimoku cloud
Area to look out for:
High trading volume at price of 18000-20000. BTC holders thinking this range might be low enough for reversal until otherwise. Overall pretty low volume for the past 100 days.
Bearish trend of Lower Low to be expected unless high of 2200X is being breached.
Longer time frame: Line Z 1:1 expectation to be met.
1. Candlesticks moving under MA 200
2. Candlesticks moving under ichimoku cloud
Area to look out for:
High trading volume at price of 18000-20000. BTC holders thinking this range might be low enough for reversal until otherwise. Overall pretty low volume for the past 100 days.
Bearish trend of Lower Low to be expected unless high of 2200X is being breached.
Longer time frame: Line Z 1:1 expectation to be met.
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