Let's continue our bearish morning. We started with the death cross, but I want to talk locally with you as well. My last update messed up, closed my long position at $8190 with ROE -6% (x10 leverage) when I saw the approach of the bearish impulse. Done this to avoid the $200 dump, which brought the price to $7900. Now then, enough about me, let's talk about Bitcoin.
Three important levels have been broken through: $8200, $8050 and the descending support. Currently we can observe a S/R flip, which is also a common bearish signal. The priority for the moment is descending. If we break through the range of $7900 - $7940 (trend line which kept the price from falling), then $BTC will lunge towards the support on the levels of $7750 - $7810.
I prefer to sit without a position today, maybe I'll open a rather insignificant signal with cross leverage.
Three important levels have been broken through: $8200, $8050 and the descending support. Currently we can observe a S/R flip, which is also a common bearish signal. The priority for the moment is descending. If we break through the range of $7900 - $7940 (trend line which kept the price from falling), then $BTC will lunge towards the support on the levels of $7750 - $7810.
I prefer to sit without a position today, maybe I'll open a rather insignificant signal with cross leverage.