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Inside the bearish channel - Possible next support to enter long

COINBASE:BTCEUR   Bitcoin / Euro
Inside the bearish channel - Possible next support to enter long

The downward movement could bounce on the next dynamic support identified by the new bearish channel.

The Collapse is very fast and marked so it could continue. It's bizarre and unpredictable at the moment.

However, it will be a great opportunity for those who succeed in entering the right moment, the one in which the first rebound in the bearish channel will occur.

In November 2018, a 50% collapse occurred, when the SEC announced that it would not accept the Futures on BTC.

Today no one has yet managed to identify valid news and arguments, and although BTC has also entered into the Future, with little success, this does not justify a collapse of this kind.

Difficulty to the stars, speculation on the mines ASIC, high costs of mining. The scenario is chaotic and the market does not seem to like it.

We'll see.

Penafian

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