Before starting lets take look at higher time frame and weakness : As you can see important channel and support of Bitcoin broke and now after retesting that falling again is expected.
but for now this when we take look at 30Min time frame we can see that maybe market is reacting like previous time and this range here maybe is not sign of strength and rise and what is obvious is this that after breakout to down side we are looking for at least drop to green lines that mentioned on chart . Green lines :
Targets: A. 53000$ B. 51500$ C. 49400$ D. 46400$
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results.
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daily candles are still waiting too if resistance break then uptrend :
Way too early to be calling a big fall. BTC is respecting FIB channel and hasn't broken linear regression channel which is bullish. Short term you may be able to short it, not advisable though as the upside may swing up at any moment. Too much fear porn.
@poidogofficial, Amusingly there is no hopium porn ;)... nearly every chart on alts had a big line going straight up... then Saturday BTC dump and now people are accused of throwing about fear porn... best to see both sides, would have saved many lots of money on Saturday. Looks like it is going down short term for sure, but hey, this is crypto so who really knows.