Market Update: BITCOIN (BTC/USD) - You were warned

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Bitcoin (BTC/USD)

  • Broken below uptrend line
  • Currently at a support level - $3,937 (will most likely break lower)
  • RSI downtrending
  • Weak hands will be shaken out over the next few weeks
  • China crypto-ban rumours
  • Overall: [BEARISH]

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When To Buy Bitcoin?

  1. 38.2% fibs: $3,750
  2. 50% fibs: $3,400
  3. 61.8% fibs: $3,040
  4. Major Support Zone: $2,650 - $2,950
    This is not the end for Bitcoin, take advantage of the dips!!

But Bitcoin Can Only Go Up?!?

You were warned
You were warned again
Don't believe the hype without the analysis. Follow nakedtrader@nakedtrader today


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Happy Trading! @NakedTrader

Market Update: BITCOIN (BTC/USD) - You were warned | Ecency