Bitcoin is rushing down to around 6600 at least

Bitcoin will probably continue to fall down to the previous daily low at around 6600

Note

It clearly broke bellow this rectangle and I'm still very convinced that it will reach 6600

Note

Right now we will probably see small pull back on 5 min or 30 min chart

Note

As I mentioned, we are getting a pull back on 5 min chart. Price will probably go up to 7530 before it decide where to go next. We broke very nice flat bottom triangle pattern. I believe this is only temporary pull back before we continue going to, probably, around 6600.

Note

I find this pull back very weak and we might not see price reaching 7530. We will see... But what I believe surely that this is not the bitcoin bottom

Note

Price have reached 7530 even though I thought ti will not have enough strenght

Note

From this moment I believe downfall will continue. The next stop is around 7150 where we will might see some small bounce.

Note

After the last announced the price had completely turned over... That was unexpected. Still, very bearish on 4 hour

ninpo4snake

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.

ninpo4snake