Bitcoin Broke Down This Trend Line
Hi everyone,
Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen.
Note that I'm mid-term bearish on Bitcoin but long-term bullish . See related ideas below. My down candle is color green while the up candle is color red.
Trend lines are subjective. Some people considers a trendline while others don't see it or ignore it. In this trendline, we can see that we broke down off of it and we are now trading below it. You can also see that it has been supported and rejected multiple times. Will we see more rejections off of this trend line? Let me know what you think in the comments below.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
Thank you for considering reading my idea. Please note that this is just my opinion, and I'm not saying that this is going to happen.
Note that I'm mid-term bearish on Bitcoin but long-term bullish . See related ideas below. My down candle is color green while the up candle is color red.
Trend lines are subjective. Some people considers a trendline while others don't see it or ignore it. In this trendline, we can see that we broke down off of it and we are now trading below it. You can also see that it has been supported and rejected multiple times. Will we see more rejections off of this trend line? Let me know what you think in the comments below.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
Cheers,
Juvs
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