Descending Triangle on 4Hrs (240min) Chart is looking really ugly, there is now enough evidence to believe that Bitcoin might be heading down to $21-$22K as a TA target of the triangle.
Unless the bulls take over within this week, we are going to dip really good to test 2017 all-time high (which is still healthy in my opinion), that would be the worst-case scenario. However, there is some weak support between 27.5K -25.5k but I don't think it will hold for more than a bounce maybe.
Note: I wouldn't SHORT Bitcoin at this time, it's going to be extremely volatile if it breaks down and it could find a bottom and bounce really hard at any level before.
Unless the bulls take over within this week, we are going to dip really good to test 2017 all-time high (which is still healthy in my opinion), that would be the worst-case scenario. However, there is some weak support between 27.5K -25.5k but I don't think it will hold for more than a bounce maybe.
Note: I wouldn't SHORT Bitcoin at this time, it's going to be extremely volatile if it breaks down and it could find a bottom and bounce really hard at any level before.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.