Looks like BITCOIN (
BTCUSD
) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self.
The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time.
Look at the (Opaque Red Box) for price range.
What is your opinion?
Leave your comment and a Like.
Good luck
BTCUSD
) is making bearish Bump and Run Reversal, currently it broke the running up channel, making the Bump, when the bump loses momentum, it will start to collapse, and it will comeback into the channel, then breaking the channel it self. The max target could be where the run started, which is at $3900 area, but it could bounce at the trend line at $6000 and never continue down that tend line maybe for a long time.
Look at the (Opaque Red Box) for price range.
What is your opinion?
Leave your comment and a Like.
Good luck