$BTC Happy Bottoming Action Here or Straight Down for Max Pain?
Last chance for crypto discounts soon?! Looking like 
BTC is heading down to the bottom of the short term range around $35,000. I will be looking for some bottoming action in that zone.
We can seeBTC once again was rejected from the 4H 21EMA (yellow line). As long as BTC is closing 4H candles below the 21EMA, I consider BTC to be in a strong downtrend.
If BTC fails support at the $35,000 zone, the next level of support is $30,000.
If $30,000 support fails, then the next level of strong support is $25,000 where I would re-asses price action.
BTC is heading down to the bottom of the short term range around $35,000. I will be looking for some bottoming action in that zone. We can see
BTC once again was rejected from the 4H 21EMA (yellow line). As long as BTC is closing 4H candles below the 21EMA, I consider BTC to be in a strong downtrend. If BTC fails support at the $35,000 zone, the next level of support is $30,000.
If $30,000 support fails, then the next level of strong support is $25,000 where I would re-asses price action.
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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.