BTC in a short term bearish situation
FACT #1: As shown in the chart, Bitcoin just broke the supported trend line which was a major short-term market reversal.
FACT #2: Also, there might be forming a head and shoulders pattern
Next Support: $37000 zone is the most demanded zone. Period. it is the 0.618 golden ratio of the whole 3 waves as well.
FACT #2: Also, there might be forming a head and shoulders pattern
Next Support: $37000 zone is the most demanded zone. Period. it is the 0.618 golden ratio of the whole 3 waves as well.
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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.