Bitcoin- Sell rallies for a break under support
In my previous Bitcoin analysis, I said that even 26k could offer support, I don't believe in a real reversal from here. I even had a short-term buy with a 28k target which was reached last week.
My idea remains unchanged and after last week's reversal, is reinforced.
Technically speaking, the support of the rising channel started at the beginning of the year is broken and, last week's candle is a Pin Bar, both with strongly bearish implications in the medium term.
That being said, my strategy is selling rallies for a break of support and only a close above 28k would change my opinion.
The next important support is 21k zone support which could represent bears' target in the medium term.
My idea remains unchanged and after last week's reversal, is reinforced.
Technically speaking, the support of the rising channel started at the beginning of the year is broken and, last week's candle is a Pin Bar, both with strongly bearish implications in the medium term.
That being said, my strategy is selling rallies for a break of support and only a close above 28k would change my opinion.
The next important support is 21k zone support which could represent bears' target in the medium term.
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💎 Crypto Channel:
t.me/FanCryptocurrency
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