Bitcoin shows more downside potential in coming weeks
BTC again at key level this level will be key for a longer term if price decides to consolidate in 4200$ -3000$ range. Another 2 scenarios is possibility to start daily downtrend if BTC makes second lower low. On chart it is red arrow down. One more scenario that btc holds this level and makes another leg higher above A point in this case it will ABC correction. I dont see BTC buying opportunity for now unless we see some structure change if I buy BTC it will be below 2900$ mark. Some history https://steemit.com/bitcoin/@kriptofondas/btcusd-do-not-buy-its-not-time-for-it
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.