cryptoculto

Bitcoin Possible Bottom 7.4K-ish

Short
COINBASE:BTCUSD   Bitcoin
The weekly chart looks clean, but because each candle represents a whole week, a lot of things can occur from candle to candle. For example, we could see a bounce attempt around our current price, in fact, if you look at the 4H chart, that's what it looks like. I wouldn't suggest to open a long in you haven't already, but I'd be looking to short around $9200-$9300. And that is if we are able to close above $8960. There's always the possibility we do bounce for real, but I think we'll go into the 7Ks, around $7400 and then bounce. If we keep falling, then things could get pretty tricky, but let's hope that doesn't happen.

Cheers!
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