With how weak the Bitcoin is closing on this week candle plus all other altcoins are crashing down, it seems very likely that Bitcoin may break lower from the current congested area as highlighted in previous post.
If we do get a decisive breakdown next week or later, I foresee we may see a rather quick move down20k key support zone. Alternatively, if Bitcoin can start forming some meaningful base with long wig candle pattern holding this 30k support area, then we may be in a progress to find a short term floor for now.
Do trade with patient and without leverage in this special time, better entry price will present itself if you believe in the long term potential for this two digital gold and oil. Good luck trading!
If we do get a decisive breakdown next week or later, I foresee we may see a rather quick move down20k key support zone. Alternatively, if Bitcoin can start forming some meaningful base with long wig candle pattern holding this 30k support area, then we may be in a progress to find a short term floor for now.
Do trade with patient and without leverage in this special time, better entry price will present itself if you believe in the long term potential for this two digital gold and oil. Good luck trading!