ImpRegis

Extremely bearish market, it may go down to 2950

Short
BITFINEX:BTCUSD   Bitcoin
I didn't expect it falling to new low yesterday, but now the market seems very bearish, even no fierce bouncing up yesterday after BTC hit the bottom. Now BTC is fluctuate around the bottom with limit range; the market is quite cold. My previous post said that if BTC break upper trend line of the falling wedge, it may start a bullish run; but through today's analysis, there is higher chance that BTC would break current bottom and go straight to 2950 to form a new monthly bottom. Hope I am wrong. XD
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.