Short

Potential huge downside

Updated

The price is testing the 30k range low and each time we get a weaker bounce from it suggests we are either on a flat support and volume dries out, or a pending impulsive breakdown and go straight to 20,000 or even lower.

Other cryptos like XRP ETH are also seeing major support being broken.

No reason to be bullish unless we see bottoming formation or selling climax happening.

###NOT FINANCIAL ADVICE###

Note

Price needs to break and stay below $28,500 to confirm the breakdown.

Trade active

GAME ON

Trade closed manually

Closed the trade in time just before the bounce, low volume breaks are unconvincing.

The longer it stays above 30k, the more likely it will not go down as expected.

Patently waiting for a breakout

Order cancelled

ETH had chosen the direction for all of us, time to focus on rather than this one.

JoE

YouTube goo.gl/BkRuQL
Twitter twitter.com/vilasignal

Also on:

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.