It's obvious BTC has broken out of it's triangle wedge and is in a downtrend. Some may think 30K is now support. Sure, for the time being. But without buyers, it will turn into resistance by tonight. I also believe that this is wave iii of an Elliott wave coming down. So don't get trapped like some folks did with 32K! The next level down should be a temporary support and a short term reversal to 34-35K.
My guess is that 27.2K will be the point of reversal.
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.