BTC to 4k - SHORT (Hypothetical failure of multiple supports)
I'd be fully prepared for a jump back to 5k8 but I dare say that rally will fail. If it happens and does fail, we're most likely gonna be going back to looking for support around 4k8.
If that support fails, it's back to the 4k range.
If that fails.. Welll.... I'd expect a 2k8
BTCUSD
within months.
Support Levels I believe that would need to successively fail in order for Bitcoin to reach true bottom.
T.$4k8
T.$4k
T.$3k4
T.$2k8
An attempt at $6k then finding support @ 5k8 will invalidate this trade.
If that support fails, it's back to the 4k range.
If that fails.. Welll.... I'd expect a 2k8
BTCUSD
within months. Support Levels I believe that would need to successively fail in order for Bitcoin to reach true bottom.
T.$4k8
T.$4k
T.$3k4
T.$2k8
An attempt at $6k then finding support @ 5k8 will invalidate this trade.
Comment:
If this trade is valid, now's the time to test these old resistance / potential future support zones.