#BTC break down 18.5k support What's next, rally or crash?
Updated
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#BTC Update
BTC breakdown 18.5K support and failed in the retest of the descending trendline support, hit the liquidity box with a decent negative volume, and took stops underneath the past low of $17622 after 143days of consolidation above it.
Bulls need to recover 19K support with a good volume for the bullish affirmation in the market. A strong breakdown underneath 17.6K would be the affirmation of a further negative push in the market toward 15K to
14K which could be an expected bottom for BTC.
So let's see how the daily candle closes
Keep an eye on it
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
#BTC Update
BTC breakdown 18.5K support and failed in the retest of the descending trendline support, hit the liquidity box with a decent negative volume, and took stops underneath the past low of $17622 after 143days of consolidation above it.
Bulls need to recover 19K support with a good volume for the bullish affirmation in the market. A strong breakdown underneath 17.6K would be the affirmation of a further negative push in the market toward 15K to
14K which could be an expected bottom for BTC.So let's see how the daily candle closes
Keep an eye on it
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
Comment your views in the comment section
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Is history is going to repeat
Note
Let’s see what the indicator says
MACD and Daily RSI are not showing any clear bullish signals in the daily time frame
All moving averages like 50ma, 100ma, 100, are with the bears
Here the trend is bearish, In case if how BTC break this long-term descending channel with conformation, which will be the conformation of the trend reversal
Note
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