Bitcoin Trend Breakdown
- Bearish Trend Reversal @ 11.7k
- Bulls fail to breakout trendline
- Bears broke 10.2k performed to downside
- Below 50D MA
- Warning to bulls shown
- Break RK3 now Kumos resistances
- Volume increase to the downside
- Next supports 8.7k/8.1k
- Bearish until bulls can breakout 11k/
12K resistances
- Bulls fail to breakout trendline
- Bears broke 10.2k performed to downside
- Below 50D MA
- Warning to bulls shown
- Break RK3 now Kumos resistances
- Volume increase to the downside
- Next supports 8.7k/8.1k
- Bearish until bulls can breakout 11k/
12K resistancesTrade closed manually
- Broke back above trendline and 0.886 fib- Back above RK3 support
- Bullish if above $11,500 breakout and holds above
- Bearish if breakdown $9,800 and holds below
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