BitcoinShort
Bitcoin Super slow DownTrend
Big Picture
Strictly Technically speaking Bitcoin looks very weak
While Bitcoin will try to stage a bounce, any attempt to break & close above the Trendline will most likely fail in June
Bears will target downside Zones:
40% Probability to hold 5400 as a Strong Support
80% Probability to hold 4500 +/- 10% as Very Strong Support
We recommend BUY Bitcoin around 5400 with add more on dips below 5000 for a swing Trade with Target as 50 Week Moving Average which is around 7900 & moving up every week
Strictly Technically speaking Bitcoin looks very weak
While Bitcoin will try to stage a bounce, any attempt to break & close above the Trendline will most likely fail in June
Bears will target downside Zones:
40% Probability to hold 5400 as a Strong Support
80% Probability to hold 4500 +/- 10% as Very Strong Support
We recommend BUY Bitcoin around 5400 with add more on dips below 5000 for a swing Trade with Target as 50 Week Moving Average which is around 7900 & moving up every week
Twitter @tradingroomapp
Twitter @tradingroomapp
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