By Checking the 4H chart you will see an ascending CUP AND HANDLE Chart pattern that is completing it's self
It is on of the cause that makes bitcoin bearish
Also if you look in ''BTCUSDSHORTS'' The Ratio of Short positions in BITFINEX exchange is in a Strong support area.
The sharp Decreasing wave after confirmation will be continued Until 17K
It is on of the cause that makes bitcoin bearish
Also if you look in ''BTCUSDSHORTS'' The Ratio of Short positions in BITFINEX exchange is in a Strong support area.
The sharp Decreasing wave after confirmation will be continued Until 17K
