Is Bitcoin due for Breakdown ?
Observation Daily Chart of Bitcoin
1) Price has formed a triple top formation .
2) Price is forming a Bear Channel .
3) 9 Ema on the verge of crossing the 21 .
What can happen .
1) Prices is at a critical level.
2) If the price breaks out of the Bear Flag we could see a major
Breakdown.
3) The positive my Volume Spread Analysis is showing me currently
Temporary support at the Support Line . But should it break
a short trade could be had .
Caution :- I am not a registered Adviser . My opinion has a good chance of being wrong . So please do your own research before coming to your own conclusions.
1) Price has formed a triple top formation .
2) Price is forming a Bear Channel .
3) 9 Ema on the verge of crossing the 21 .
What can happen .
1) Prices is at a critical level.
2) If the price breaks out of the Bear Flag we could see a major
Breakdown.
3) The positive my Volume Spread Analysis is showing me currently
Temporary support at the Support Line . But should it break
a short trade could be had .
Caution :- I am not a registered Adviser . My opinion has a good chance of being wrong . So please do your own research before coming to your own conclusions.
Penafian
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