Bearish Ahead
Updated
BTC has mayor sports:
1. $9,600,FB Trend Extension, JUST BROKEN
2. $9,000 FB retracement .50 psychological support
3. $7,800 bottom of the down trend channel and FB retracement .618
For mi if it goes down of 9,600 is a confirmation of braking the log term bull trend, so the next support will be 7,600
1. $9,600,FB Trend Extension, JUST BROKEN
2. $9,000 FB retracement .50 psychological support
3. $7,800 bottom of the down trend channel and FB retracement .618
For mi if it goes down of 9,600 is a confirmation of braking the log term bull trend, so the next support will be 7,600
Trade active
I am still bearish in on the short run on BTC, it is holding the $9,600 level BUT NO VOLUME to support it. The $9,600 is becoming a good support level, I will close my short position on $9,000 or StopLoss at $10,000 depending the amount of volume but no more than $10,200
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