BITCOIN BEARISH - 10,500 coming??
Hey there,
Please support this idea with your likes and follow me here on TV if you don't want to miss out!
Bitcoin recently broke bearish after creating a fake out scenario, wicking to 12,400.
We now got a retest of a major support trendline in bear flag formation.
Too many still want to buy this dip, which concerns me quite a bit.
For now the target is between 10,700 and 10000, but if 10,000 is really reached,
then I think this will only be very breafly and will create a huge bullish wick and a doji candlestick.
For now I am short Bitcoin and Ethereum.
Cheers,
Konrad
Please support this idea with your likes and follow me here on TV if you don't want to miss out!
Bitcoin recently broke bearish after creating a fake out scenario, wicking to 12,400.
We now got a retest of a major support trendline in bear flag formation.
Too many still want to buy this dip, which concerns me quite a bit.
For now the target is between 10,700 and 10000, but if 10,000 is really reached,
then I think this will only be very breafly and will create a huge bullish wick and a doji candlestick.
For now I am short Bitcoin and Ethereum.
Cheers,
Konrad
Related publications
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.