AlanSantana

Bitcoin In Bearish Mode | Chart Signals | Can Go Lower!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In my last update for Bitcoin ( BTCUSD ) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed...

But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.

Now, the signals...

Bitcoin Bearish Signals

This is all pointing to another drop.
The drop can be quick big and recover fast just as it can be short-lived and small...

Whatever happens, we believe that Bitcoin will bounce regardless of how low it goes.

Move your focus to the altcoins and comeback when the Bitcoin consolidation period is done.

Thanks a lot for reading.
Thanks a lot for your continued support.


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