TFL2020

BIG STORM AHEAD?

Short
COINBASE:BTCUSD   Bitcoin
LAST WEEK WAS ONE OF THE MOST VOLATILE WEEKS THIS YEAR. TRADERS WAS LOOKING FOR SOME FUNDAMENTALS TO SUPPORT THE RALLY, BUT DURING THE WEEKEND, USA AND CHINA AGREED ON A TRADE WAR CEASE FIRE, GIVING HOPES TO THE INVESTORS, SENDING THE MARKETS HIGHER AND PUTTING EXTREAME SELL PREASSURE ON ALL CRYPTO MARKET. THE WEEKLY CHART DOESNT LOOK GOOD FOR BTC. WE CAN SEE A VERY BEARISH PATTERN FORMATION AND NOW THE PAIR IS TESTIND THE 10K SUPPORT AREA. BREAKING THAT SUPPORT AREA WILL TRIGGER BIGGER LOSSES. ON THE UPSIDE: IF THE BULLS WILL BE ABLE TO HOLD THE PRICE ABOVE 10K, WE SHOULD SEE ANOTHER BULL RUN WITH TARGETS: 12000 - 13800.
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