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KiomarsRakei

Bitcoin maybe a lower low

Bitcoin (BITSTAMP:BTCUSD)  
KiomarsRakei  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Economic Cycles Support and Resistance Bitcoin (Cryptocurrency) BTC BTCUSD trade Cryptocurrency crypto
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trendanalysis economiccycle supportandresistance bitcoin btc btcusd trade cryptocurrency crypto
Another lower low is possible to occur!
I have 3 reasons:
  • 1- An important zone is broken.
    2- Based on 2017 memory, It is possible for Bitcoin to come a bit lower.
    3- A blue trend line is drawn, It is also possible to retouch the trend line.

On the other hand it is also possible for Bitcoin to not act same as 2017 and It can form an accumulation phase.
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