BitcoinShort
BTC Macro Scenario: Bearish
As long as Bitcoin started to break support lines on lower timeframes, I can see an important situation for a healthy correction.
Bitcoin touched a double top created on Oct 26 2019, consuming all liquidity the wick has created, so the price has feeling it, and now we can see the beggining of a potential correction.
To maintain this bearish position, we need to stay under $10.500, otherwise we can see a rupture of higher timeframes and a potential Bullish escenario forming, that can bring us a new interesting levels of prices.
PRICE'S IMPORTANT LEVELS
1. A range between $8900-$9000
2. And finally the lows 8k: $8300-$8000
Let's see what we get.
Bitcoin touched a double top created on Oct 26 2019, consuming all liquidity the wick has created, so the price has feeling it, and now we can see the beggining of a potential correction.
To maintain this bearish position, we need to stay under $10.500, otherwise we can see a rupture of higher timeframes and a potential Bullish escenario forming, that can bring us a new interesting levels of prices.
PRICE'S IMPORTANT LEVELS
1. A range between $8900-$9000
2. And finally the lows 8k: $8300-$8000
Let's see what we get.
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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.
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.