Bitcoin is in downtrend as it breaks major support line
Updated
Bitcoin is making lower low and lower high confirms bearish signal by breaking major support.
From my previous analysis, we can see Bitocoin had pullback to $11,000 and price has been rejected from ‘Resistance line made by lower high’ started down trend breaking major support at $9800. Next suport for bitcoin is $8800. We will analyze again,when it reaches near next support based on how it reacts with it.
Until than create short positon make profit at each drop.. Please like, follow and let me know if you looking analysis for other coins, I will try my best.
From my previous analysis, we can see Bitocoin had pullback to $11,000 and price has been rejected from ‘Resistance line made by lower high’ started down trend breaking major support at $9800. Next suport for bitcoin is $8800. We will analyze again,when it reaches near next support based on how it reacts with it.
Until than create short positon make profit at each drop.. Please like, follow and let me know if you looking analysis for other coins, I will try my best.
Trade closed: target reached
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