Bearish price action in bitcoin

in bitcoin •  7 years ago 

Head and shoulders pattern. A reliable chart pattern that needs confirmation by the break of the neckline.
Any news about a new ban or hack could be the trigger. 8400 is the level where there is a lot of stops. If we go below this level, we'll get a longs squeeze as their stops get triggered. We'll see then a potential panic selling, 6000 level is next major support.
téléchargement.png

bitcoin trading cryptocurrencies
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    0
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!