timbearr

Bitcoin, It`ll go down one more time

Short
BITFINEX:BTCUSD   Bitcoin
It couldn`t break up the Head & Shoulders and keep the neckline

Now, the dead-cat bounce has started after touching $10000 around

The price is the next volume profile area(blue box)

Also, this price is psychological support line

After the short dead cat bounce, it`ll go down to maximum $9400

There is a short-term up trending line around the price

If it goes down one more time, it`ll enter over-selling area in RSI

Also, we can expect a bullish divergence at the same time

Then, it`ll move sideway and go up to $11000

But if it can`t support $9400, it`ll go down to $8940
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