- Price is likely to travel further South - Short term bottom at support = low of 6/2/18 = lowest low of 2018 - If price reaches this point ($6000,-) a head and shoulder pattern is confirmed - Price will likely bounce off this level and will rise towards the descending trendline - We are in a bearmarket and the overall marketsentiment is bearish - Without a huge bullish newsevent price will be rejected by the trendline and turn South again - In that case support will be tested again - If price closes under support/neckline/$6000 >>> Short BTC >>> next stop $3000,-
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.