Bitcoin strong rejection of downtrend channel from 10350 to 6785 in 27 days ( -34%). Potential rebound to upper band of downtrend channel to 7490$. After more down to Strong support at 6200$ price level. Strong Downtrend BTC closed bellow EMA 21,50,100,200 periods.
Volume: confirm bearish price action.
Indicators: MACD bearish crossover bellow zero line. RSI bellow 50 points, oversold level. Bearish sign.
Patterns: Downtrend Channel.
S/R: Strong Support at 6200, Major Support 5800, Major Resistance 7950, Resistance 7450.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Volume: confirm bearish price action.
Indicators: MACD bearish crossover bellow zero line. RSI bellow 50 points, oversold level. Bearish sign.
Patterns: Downtrend Channel.
S/R: Strong Support at 6200, Major Support 5800, Major Resistance 7950, Resistance 7450.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
