BTC is breaking down from the bear flag. Consider a small bounce possibility at 7.8k, but this movement will probably go much deeper. 36k long on Bitfinex that will eventually capitulate, be ready to buy the bottom and be careful!
Note
Purple Lines - 1HR, 4HR, 1D support levelsOrange Lines - 1HR, 4HR, 1D resistance levels
1HR & 4HR support have been broken, next level is daily support at 7.8k
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.