Below the green trend line is very unlikely in my opinion
Comment:
Hi everyone , theres alot of ideas out there, I've seen some postings to short BTC at it's current zone. this area isn't to short, we're at the area for a bullish reversal of the recent wave. this is a simple look of BTC for the long term, and my vision for BTC is bullish. my target for BTC reversal area is at the current trend line and the price level, I'll be adding in position at 7800-8000 with a stop loss , my second addition to BTC is the green trend line around 5,000, if we break bearish I would not look to add in to my holdings unless it hits what I believe to be the bottom which is at the 5,000s or the break of the daily 200MA and get back above the daily ichimoku cloud
Comment:
I do believe if this current struggle to go back up fails on the extreme support of 7500, we'll make a lower low before the next long term rally upwards