Bear view: great opportunity for a short entry with a very low risk and high reward potential with $5000 as target.
The death cross of the 30 over the 50 week SMA is providing us with a great opportunity for a short trade.
The stop-loss should be put right over the last high at around $8600.
Let's just say I hope the last fib and the long-term channel will successfully hold bitcoin in its short-term fall. Otherwise, things will get really ugly really fast.
