BitcoinShort
BITCOIN BEARISH PRICE ACTION
Updated
Bitcoin was farmed bearish descending triangle pattern. Current price action bellow EMA 21,50,100,200 lines, strong Downtrend.
Bitcoin closed bellow confirmation line.Potential Strong resistance at 8600$. With bulltrap at 8821.Look really bearish. Potential short target 7900-78XX.
Bearish Volume increase confirm downtrend price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish Sign.
S/R: Tripple Tested support at 7688, Support 7900, Temporary Support 8095, Resistance 8600, Major Resistance 8821
Pattern: Bearish Descending Triangle.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Bitcoin closed bellow confirmation line.Potential Strong resistance at 8600$. With bulltrap at 8821.Look really bearish. Potential short target 7900-78XX.
Bearish Volume increase confirm downtrend price action.
Indicators: RSI bellow 50 points, MACD bearish crossover bellow zero line. Bearish Sign.
S/R: Tripple Tested support at 7688, Support 7900, Temporary Support 8095, Resistance 8600, Major Resistance 8821
Pattern: Bearish Descending Triangle.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Note
Bitcoin price action follow arrow 
Note
Note
XBTUSD achived target 7800.Trade closed: target reached
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