Mihai_Iacob

Bitcoin- Sell rallies for a break under support

Short
BITSTAMP:BTCUSD   Bitcoin
In my previous Bitcoin analysis, I said that even 26k could offer support, I don't believe in a real reversal from here. I even had a short-term buy with a 28k target which was reached last week.
My idea remains unchanged and after last week's reversal, is reinforced.
Technically speaking, the support of the rising channel started at the beginning of the year is broken and, last week's candle is a Pin Bar, both with strongly bearish implications in the medium term.
That being said, my strategy is selling rallies for a break of support and only a close above 28k would change my opinion.
The next important support is 21k zone support which could represent bears' target in the medium term.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.