BTCUSD SHORT - Target = ~5700 END OF MONTH!?
BTC is inarguably in a strong bearish trend ever since the bubble popped at 20k.. we're seeing lower highs and lower lows with no reversal in sight.
We have been bouncing up and down off the descending triangle for the past couple months and I believe a continuation in this trend is highly likely.
My next target on the ride down is ~5700 as that has proved itself as a strong support several times before.
Let me know your thoughts.
We have been bouncing up and down off the descending triangle for the past couple months and I believe a continuation in this trend is highly likely.
My next target on the ride down is ~5700 as that has proved itself as a strong support several times before.
Let me know your thoughts.
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.