BTC Macro Scenario: Bearish
As long as Bitcoin started to break support lines on lower timeframes, I can see an important situation for a healthy correction.
Bitcoin touched a double top created on Oct 26 2019, consuming all liquidity the wick has created, so the price has feeling it, and now we can see the beggining of a potential correction.
To maintain this bearish position, we need to stay under $10.500, otherwise we can see a rupture of higher timeframes and a potential Bullish escenario forming, that can bring us a new interesting levels of prices.
PRICE'S IMPORTANT LEVELS
1. A range between $8900-$9000
2. And finally the lows 8k: $8300-$8000
Let's see what we get.
Bitcoin touched a double top created on Oct 26 2019, consuming all liquidity the wick has created, so the price has feeling it, and now we can see the beggining of a potential correction.
To maintain this bearish position, we need to stay under $10.500, otherwise we can see a rupture of higher timeframes and a potential Bullish escenario forming, that can bring us a new interesting levels of prices.
PRICE'S IMPORTANT LEVELS
1. A range between $8900-$9000
2. And finally the lows 8k: $8300-$8000
Let's see what we get.
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