We are inching closer and closer to the weekly downward trendline, where Bitcoin "may" bounce. However it's much more likely to break down. No bull volume and we are closer to the last low which imho will get tested again and broke as well. There is no natural support in the 7k range and once the last bottom is broken we will be on the path to 5k Bitcoin. Hopefully we bounce at 5k / High 4ks, otherwise next best support is in the 3k ranges.
Just made a small flip on the 5/15 min timeframes, but still waiting on a major swing trade opportunity in the 5k range.
Keep your stop losses tight!
Just made a small flip on the 5/15 min timeframes, but still waiting on a major swing trade opportunity in the 5k range.
Keep your stop losses tight!