BitcoinShort
BTC down to 37-39K
Updated
Simple support & resistance.
BTC price went below 28 Feb 2021 low.
I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down.
Market sentiment is very negative.
Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down.
Next support around 37-39k as per my lower price lines.
BTC price went below 28 Feb 2021 low.
I drew the price lines almost 1 week ago now & every one of them has been crossed as Bitcoin drops down.
Market sentiment is very negative.
Currently looks like a dead cat bounce from the new low which will eventually consolidate and force price down.
Next support around 37-39k as per my lower price lines.
Note
BTC hitting resistance almost exactly @ my green line - $45,619All technical indicators say sell.
Be careful next 6-12 hours could be limit of dead cat bounce
Before drop down.
Note
Bitcoin confirmed drop to 37k then further to 32k!Congratulations to everyone who followed my idea & made money :)
Note
Chart still in downtrend albeit it looks to be slowly reversing.Keep ready to short if trading long term & keep open unless breakout above 36k
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.