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BTCUSD On 50%+ Potential Bear Run
Bitcoin
Short
BTCUSD On 50%+ Potential Bear Run
By ayogunde
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Mar 5
2
Mar 5
BTC got the previous high of 70k early March forming a double top indicating a potential change of trend to the downside.
Hammer candle stick forming on the DTF could indicate confirmation for a Bear run.
Short movement all the way down to 50k and if there a major break on the zone we may see price moving all the way down to 30k
That is 26% on the first move and over 50% on the second move.
Interested to go in on BTC? Take a chill pill for price to reach 50k or 30k.
Please note this is a personal analysis.
Bearish Patterns
BTCUSD
Chart Patterns
Technical Indicators
Trend Analysis
ayogunde
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