BTC to 4k - SHORT (Hypothetical failure of multiple supports)
Updated
I'd be fully prepared for a jump back to 5k8 but I dare say that rally will fail. If it happens and does fail, we're most likely gonna be going back to looking for support around 4k8.
If that support fails, it's back to the 4k range.
If that fails.. Welll.... I'd expect a 2k8
BTCUSD within months.
Support Levels I believe that would need to successively fail in order for Bitcoin to reach true bottom.
T.
4K8
T.
4K
T.33K4
T.2k8
An attempt at 6k then finding support @ 5k8 will invalidate this trade.
If that support fails, it's back to the 4k range.
If that fails.. Welll.... I'd expect a 2k8
BTCUSD within months.Support Levels I believe that would need to successively fail in order for Bitcoin to reach true bottom.
T.
4K8T.
4KT.33K4
T.2k8
An attempt at 6k then finding support @ 5k8 will invalidate this trade.
Note
Well here we go... 3 attempts at 
5K9 and the third looks like its failing.If this trade is valid, now's the time to test these old resistance / potential future support zones.
Note
Related publications
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.