Bitcoin
Short

$BTC Down We Go Again | Trade Idea

By CryptoHotep
Updated

Yesterday, the BTC daily didnt appeal to me as much as the ETH chart did but today is a different story. Same factors that are against ETH are against BTC:

13 EMA
50 EMA
200 EMA
McDonald's Arches are present pattern here

All in all I see this easily retracing back to the support zone highlighted. The question though is will it hold?
Comment
Entry:20024.0
Take Profit: 19375.0
Stop Loss: 20650.0

Risk Reward: 1/1
Bitcoin (Cryptocurrency)BTCChart PatternsDouble TopdowntrendTechnical IndicatorsmcdonaldssignalretracementSELLshortsupportandresistancezonesTrend Analysis
CryptoHotep

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