Described the perfect picture on the chart: now the price goes down, following an ascending support. The falling wedge was broken, many people were stopped out or even liquidated and the reaction of the market to all these things - further dump, so we expect the price to dump from current points for a little bit lower. Ideally, it is a level of ±$7900 from where the price can goes upward to $9150.
Important: if the $7900 level is broken downward, then the next support level is $7300 - $7400, but I hope it won't happen, because in this case we won't be very optimistic about BTC in mid-term.
nice clean chart, thanks for sharing.
BTCUSD is trading @ -1200 since my last call for the bears.
Here's an update for bulls/bears with SL/TP.
Good luck, traders!
Ecua_Trader
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Lol
Wenlambo
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Do you thnk price level to watch for would be around 7.8-7.9k? Within these levels since you mentioned “if breaks breaks $7900 then next would be $7400”
BTCUSD is trading @ -1200 since my last call for the bears.
Here's an update for bulls/bears with SL/TP.
Good luck, traders!