BTC Being Bearish !!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As I have mentioned in the previous chart there would be downwave around USD 11600 and Wwith recent downwave trending lines clearly indicating the path for Bitcoin and Exponential Moving Average line in pink is also not much in support for a pump.

This slight upwave should not be there for long and we may see drop around USD 7400 level.

Bitcoin was unable to break the major trend line in red and also the neckline formation in green and for me BTC is bearish .

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Comment: BTC movement should be in between trending lines blue and red.

I request for likes & comments, It would help me to achieve reputation to make comments in threads.


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<p><a href="https://in.tradingview.com/chart/BTCUSD/jZDGtrN0-Bitcoin-Buyzone-Resistance-Level/">Bitcoin Buyzone & Resistance Level</a> by <a href="https://in.tradingview.com/u/Gocard/">Gocard</a> on <a href="https://in.tradingview.com/">TradingView.com</a></p>
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If we look into the last chart we may see the downfall upto USD 5000 levels because each time when it gets bearish it touches the lowest levels.
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