If bitcoin falls below $40000, I would think of it like this:
Note
The trend has entered the form of a clear downward acceleration.
Since all of the support lines have become resistance lines, you should buy them after making sure that they are supported by passing through the resistance line.
Trade active
Note
It needs to recover above $44,100 to move upward again.
If $20,000 are broken, the cryptocurrency market will panic.
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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.