Fall will continue ? Bitcoin
Updated
The trend line was broken with consolidation below, this decrease can be called a pulse, therefore, based on the pulse analysis, we will see a continuation of the decline, the first zone 6800-7100 is the fibbo level and the last hope of bulls.
At the moment, I see flat and bullish signals on the indicators, but from this moment, while we are under 8300 - short priority, but only after the breakdown of 8300 you can re-enter longs, but this will not happen, most likely as always - we will see flat after which there will be a continuation of the decline, on the principle of inertia.
https://www.tradingview.com/chart/BTCUSD/pYBFwnb7-BTC-Sell-in-May-and-go-away/
At the moment, I see flat and bullish signals on the indicators, but from this moment, while we are under 8300 - short priority, but only after the breakdown of 8300 you can re-enter longs, but this will not happen, most likely as always - we will see flat after which there will be a continuation of the decline, on the principle of inertia.
https://www.tradingview.com/chart/BTCUSD/pYBFwnb7-BTC-Sell-in-May-and-go-away/
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