Bitcoin to drop lower - but likely slower than before

BTC@7.270 right now broke the "second last" supportline. Still trending down above the longterm downtrendline momentum to the downside is fading - compared to prior lows.

Last upsidemomentum was during the G20 Meeting:

But follow by a fervals just days later:

Best case scenario now for hodlers and alt coin BTC would be a new low with lower momentum than seen before. Same time BTC should remain above the downtrendline.

Zlecenie aktywne:

BTC @ 7.1k: Supportline broken - fast drop on typical technicla trading.

For hodlers now important that downsidemomentum is fading as soon as possible. Also important is, that BTC will stay above the longterm major downtrendline.

Zlecenie aktywne:

BTC @ 6.950: Typical technical selling after major supportlines are broken

UNCH:
For hodlers now important that downsidemomentum is fading as soon as possible. Also important is, that BTC will stay above the longterm major downtrendline.

Zlecenie aktywne:

BTC @ 7.150 - downsidemomentum stopped, maybe:

Zlecenie aktywne:

BTC @ 6.690: Downsidemomentum continues.

Transakcja zamknięta: osiągnięto wyznaczony cel:

BTC @ 6.960: 2b bottom reversal possible.

www.trading-naked.com/2b-reversal.htm

BTC montum is fading again - right now. The following trading day on sunday should give us more guidance. Actually it might be better to trade short only on very short time frame. Longer predicitions right now are unable.

Trade closed

opened @ 7.250
closed @ 6.960
-------------------
net gain 290 USD

re entry short @ 6,6k
no position long @ 7.3k