BitcoinShort
Bitcoin Bearish on the Daily Chart
August 2 2020 we touched the support @11120 USD
August 3 2020 we touched for second time the support
August 4 2020 we touched for the third time the support
August 11 2020 almost touched and same case for august 12
Finally August 25 we touched again the support
We are on a 9 according to the Tom Demark Indicator (this means that price is
exhausted of falling and a reversal is possible) However the MACD indicates price
still falling. The price target for a pullback is 10700 USD with a 60 % chance.
Overall I'm bearish on this current market prior to the next bull phase.
August 3 2020 we touched for second time the support
August 4 2020 we touched for the third time the support
August 11 2020 almost touched and same case for august 12
Finally August 25 we touched again the support
We are on a 9 according to the Tom Demark Indicator (this means that price is
exhausted of falling and a reversal is possible) However the MACD indicates price
still falling. The price target for a pullback is 10700 USD with a 60 % chance.
Overall I'm bearish on this current market prior to the next bull phase.
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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.