Short

BTCUSD-Hard times for BTC

Updated

I have been following the same chart for almost 2 months now. I see a very clear descending triangle for BTC. In the short term both moving averages act as a strong resistance around 10,400 $. We have seen time and time again, what cannot move up, will go down.

Good Luck,

Trade active

As was expected, the brake down happened. Lets see if it can hold the 7500 $ range as support. I would advise to see in the upcoming days if the support can hold the 7500 range. If the support is held tight that I would buy it around 8000 range

Good Luck,

rakimala

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