RACEACEACE #BITCOIN BEARS ARE SHOWING UP. BEAR FEAST
The price is attempting to tap into lower support zones. The price has been rising and hovering in a buffer zone around the red 2/1 Gann Fan support line, but I believe it will soon make a break down and out of this buffer zone.
Support: 6236, 6041, 5852, 5669, 5581, 5133
If 5852 is broken, I believe a large bear trend will commence.
Below 5133, I believe the price will head to a new yearly low.
Support: 6236, 6041, 5852, 5669, 5581, 5133
If 5852 is broken, I believe a large bear trend will commence.
Below 5133, I believe the price will head to a new yearly low.
Note
My idea of a larger bear movement would fit into the following s/r:
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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.