Forex_Academy

Bitcoin - valid breakdown?

Short
BITFINEX:BTCUSD   Bitcoin
Bitcoin dropped aggressively in the yesterday's trading session and was almost to reach the 6425 low. I've said in the previous days that the crypto could drop much deeper if will make a valid breakdown below the 150% Fibonacci line. It will drop at least till the 6000 psychological level if closes below the 6425 low and if continues to stay below the 150% line and below the WL4.
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.