In pervious chart, I've talked about midterm period of BITCOIN price. NOW, I'm going to share my idea about short term period in daily chart.
As you can see in chart,
1-we are in descending channel
2- Tenkan-sen(blue arrow) is downward and below the kijun sen(red arrow)
3- kijun sen is downward as well
4- DT oscillator(black arrow) is crossing back
And from...
As you can see in the chart, we have long time channel that is VALID during time. in my opinion, Bitcoin has two down trend ways and no uptrend!
These two ways can be:
1- PULLBACK to BIG RESISTANCE which was 19400$, however this price can be EXCELLENT support now, but in 2017 made bitcoin drops to very low prices.
2- According to channel, price likes to go further...
