AlmightyPips

Ascending Channel Bearish Breakout

Short
BITSTAMP:BTCUSD   Bitcoin
BTC has broken below support. Price has retested previous support and is acting as new resistance. I believe it can touch as low as 7200, although weekly 200 SMA points to mid 6000's

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.