Bitcoin needs a pullback to continue its downtrend
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Hi dear followers, After my last analysis on bitcoin this currency collapsed hard about 8%.
Now I expect a pullback up to 33400$ area and then go lower.
Note that: Red resistance zone which is mentioned on the chart must be kept.
Reasons why Bitcoin needs a pullback now:
1. about 8% drop without proper pullback
2. strong cluster support zone around 31300$
3. Price acted like this before!
Your likes and comments are best THANK U.
Good luck
Now I expect a pullback up to 33400$ area and then go lower.
Note that: Red resistance zone which is mentioned on the chart must be kept.
Reasons why Bitcoin needs a pullback now:
1. about 8% drop without proper pullback
2. strong cluster support zone around 31300$
3. Price acted like this before!
Your likes and comments are best THANK U.
Good luck
Nota
Best area to take short position is red area which is mentioned on the chart.
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