Exactly sellers taking the control of the price, BTC breaks the correction trend line more over bearish pennant forming on the 15 mins chart and breakout by the candles and confirmation by volume indicating BTC on the downward move. I am taking this trade.
What’s your take on it?
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From last Rejection at 30000 BTC fell to the support level around 28750, corrected between the Fibonacci levels , sellers are gettting the control slowly. There is raising wedge forming on 1 hour time frame so most probably we can see a BTC further low might be the lowest.
There is bearish pennant chart pattern on 1 hour , 45 min and 30 mins time frame more over BTC price and action is happening perfectly in accordance to downward trend line. Hold tight for BTC making new lows highly expected.
