Short
BTCUSD BITCOIN USD DESCENDING TRENDLINE MEETS SUPPORT
UPDATE FROM PREVIOUS POST, PRICE IS AT KEY SUPPORT AROUND 211 AFTER BEING ONCE AGAIN REJECTED BY THE DESCENDING TREND LINE LAST WEEK, WITH A SERIES OF LOWER LOWS AND LOWER HIGHS. A BREAK OF THIS LOWER SUPPORT COULD LEAD THE WAY TO 196 THEN THE LOW AROUND 168. MY BIAS IS FOR A SHORT TRADE AFTER A DECISIVE BREAK OF THE SUPPORT.
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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.