$BTC 'bout to commence a weekly downtrend? No es bueno!
Currently, 
BTC is in a daily downtrend, making lower lows and lower highs. If BTC closes this weekly candle below $32,275, then BTC will be in a weekly downtrend. No prior BTC bull run has ever recovered from a weekly trend change.
Best case scenario for the bulls is to hold the 30K base support zone and chop sideways for couple months; however, ifBTC closes this weekly below the prior weekly low, then looks like this run done son!
Weekend price action is often counter-trend. That said, maybe we see a little bounce up this weekend before further continuation down next week!
BTC is in a daily downtrend, making lower lows and lower highs. If BTC closes this weekly candle below $32,275, then BTC will be in a weekly downtrend. No prior BTC bull run has ever recovered from a weekly trend change. Best case scenario for the bulls is to hold the 30K base support zone and chop sideways for couple months; however, if
BTC closes this weekly below the prior weekly low, then looks like this run done son!Weekend price action is often counter-trend. That said, maybe we see a little bounce up this weekend before further continuation down next week!
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Twitter: twitter.com/CryptoGuru369
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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.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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.