Powerful breaking of the price bearish channel floor!
Updated
Hello to all members of TradingView and my followers.
Well, Bitcoin went exactly as I expected in these few hours. Now we see that the channel floor has been broken and dropped sharply. It had strong support in the $ 19,800 area, but the strength of this support area did not control the price of bitcoin. The next support is at the point of $ 18,800. If Bitcoin surpasses this support, its next destination will undoubtedly be $ 18,000. Bollinger Band is in such a position that it cannot support Bitcoin even at its lowest point. Given the Bollinger Bands and the RSI, I find the downtrend more likely.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Well, Bitcoin went exactly as I expected in these few hours. Now we see that the channel floor has been broken and dropped sharply. It had strong support in the $ 19,800 area, but the strength of this support area did not control the price of bitcoin. The next support is at the point of $ 18,800. If Bitcoin surpasses this support, its next destination will undoubtedly be $ 18,000. Bollinger Band is in such a position that it cannot support Bitcoin even at its lowest point. Given the Bollinger Bands and the RSI, I find the downtrend more likely.
If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
Note
Volatility may hit the market on the weekend.Note
Note
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