Expected to see a 22% Bearish move after a breakout at 7441
There is a bearish engulfing pattern just after a doji at the 8738 level which signals a reversal
I expect to see a hold around the 7549 and 7440 levels
*A bullish impulse at this level would result a trend reversal (it wouldn't be a good idea to go long just as yet)
*A breakout at this level would result a bearish move down
At this point a 22% drop should be expected:
5913 shows a strong support level since October 2017 (worth looking into for extra confirmation)
BTCUSD
There is a bearish engulfing pattern just after a doji at the 8738 level which signals a reversal
I expect to see a hold around the 7549 and 7440 levels
*A bullish impulse at this level would result a trend reversal (it wouldn't be a good idea to go long just as yet)
*A breakout at this level would result a bearish move down
At this point a 22% drop should be expected:
5913 shows a strong support level since October 2017 (worth looking into for extra confirmation)
BTCUSD
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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.