MrClock

Bitcoin - The fall continues

Short
MrClock Updated   
BITFINEX:BTCUSD   Bitcoin
I was traveling but now I'm back.

The bitcoin keeps falling, the most likely movement for the next few hours is this orange line I put on the chart.

Bitcoin is still in a downward trend and in the coming days or weeks bitcoin will decide whether to go to the 4k region or go back up to the moon.
Comment:
The fall began earlier than I imagined. We should have a new pullback in the 6k region.
Comment:
I remain firm that the bitcoin goes to the 6000 region before a new pullback.
Comment:
Downtrend channel detected.
Comment:
7 touches on top of downtrend channel.
Comment:
Bitcoin break the downtrend channel. Now the bitcoin are officialy consolidated in 1H time frame. Is hard to previus the next moviment at this time.
Comment:
Touch on resistance zone.
Comment:
Consolidation between 6600 (resistance) and 6000 (support).
Comment:
The Bitcoin continues consolidated, with low volume and low force to leave the zone of consolidation.
Comment:
The Bitcoin continues consolidated between resistance (6600) and support (6000). It's hard to predict anything right now, but the biggest chances are that the price will break down.
Comment:
Green line or red line? Well, At this time, I will only watch.
Comment:
New chart;

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