BitcoinShort
15 min BTC USD
15 min BTC USD
Current and overall bias: bearish.
Price is currently creating LHs and LLs inside a bearish channel. Price may continue to move inside the channel until it gets rejected around 19181 which is an important support area since Sunday.
Another possibility is that price may have a short pullback before returning bearish.
If price was going to imitate how it did on Sunday, price may not wait longer to break out of the current channel and continues bearish even after breaking out of it.
When it does break outside and prints another LH, it is possibly retesting a big drop from last Thursday.
Current and overall bias: bearish.
Price is currently creating LHs and LLs inside a bearish channel. Price may continue to move inside the channel until it gets rejected around 19181 which is an important support area since Sunday.
Another possibility is that price may have a short pullback before returning bearish.
If price was going to imitate how it did on Sunday, price may not wait longer to break out of the current channel and continues bearish even after breaking out of it.
When it does break outside and prints another LH, it is possibly retesting a big drop from last Thursday.
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