I'm Bearish On Bitcoin | Technical Analysis 5/30/18

in bitcoin •  7 years ago 

I'm bearish on Bitcoin in the near future, my first target is a retest of the 6600 support level. If we break 6600 my next target is 5000.

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I agree with you, we need a little bounce before the rise.

Long term I'm bullish on bitcoin, but we need to shake out the weak hands before the next leg up.

I am also long-term very bullish, but surely it needs some time.

Which platform do you to trade cryptocurrencies, I'm thinking of switching from currencies over to cryptocurrencies.

I'm currently using Binance and 1broker, with 1broker you can trade forex, commodities, indices, stocks and bitcoin. On Binance you can trade crypto currencies only, so if you're looking to just trade cryptos I'd say Binance is your best bet.

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Finally someone else that doesn't have their head in the sand and realizes bitcoin will go lower