UnknownUnicorn6513259

BTC how low can you go? Still more downside

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
If you refer to my previous chart posted you will see how I isolated the breakdown, and what a dump it was! I have left the curved trend lines which represent support and resistance, and in this chart I have extended the white curved trend line which is resistance, and we can see how the trend is curving down.

I believe this white line is a solid resistance in light of how the candles have been trending. On bigger time frames it can be difficult to ascertain direction however; smaller time frames allow us to see early warning signals for big movements.

This is a short guys, and we WILL SEE $6,000

Stay safe
Penafian

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