Bitcoin To $10000?
We could see a massive move down if price can not hold $19000 support (Orange zone) This is a key level because you can see it was used all the way back in 2017 as strong resistance before price bounced off it and pushed back down!
Now this level ($19000) was used as strong support 5 times in a row just over a month ago and so far this weeks candle is very bearish engulfing the previous 4 weekly candles which indicates the bears are in full control! I think with such a strong push down that if this level is touched again it could break triggering a push down to my red zone at $12000, but trading is all about patience.
On the other hand $19000 could be the bottom which could produce a massive bounce to the upside.
Either way for now i am shorting BTC down to $19000 and i will see what price does when it gets there.
If you would like to get daily analysis, trades and education then DM me.
Now this level ($19000) was used as strong support 5 times in a row just over a month ago and so far this weeks candle is very bearish engulfing the previous 4 weekly candles which indicates the bears are in full control! I think with such a strong push down that if this level is touched again it could break triggering a push down to my red zone at $12000, but trading is all about patience.
On the other hand $19000 could be the bottom which could produce a massive bounce to the upside.
Either way for now i am shorting BTC down to $19000 and i will see what price does when it gets there.
If you would like to get daily analysis, trades and education then DM me.
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