Bitcoin Textbook Bearish Price Action 📚📚

[forexbrokr]

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Hey guys,

This week’s Bitcoin blogging theme has revolved around managing your expectations when it comes to short term bullish price action.

Here’s an extracts from the blog I linked to above, featuring the support/resistance zone that put us in play:

Reveal spoiler

BTC/USD Daily Zoomed In

Just manage your expectations and excitement here, because as you can see, it’s nothing special at all.

Anddddd so there goes price again:

BTC/USD Daily

Textbook bearish trend price action, just like we keep speaking about.

📚📚📚📚.

It’s not what we really wanted to see, but if price can’t even break through the weakest of first stop levels like this, then we’re more than likely in for another step lower.

Again.

🤮.

Best of probabilities to you, Steemit.

✌🏻.

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@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

Twitter: @forexbrokr
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Comments

[infidel1258]

Dang... I went to bed hopeful for $7400 today, now I wake up and hope we can hold at $6,000.

[forexbrokr]

Today is another day my friend!

[overkillcoin]

I predicted yesterday that there will be 11 months of bearness... More of a baseless guess though. At least I'm not surprised with the outcome.

[forexbrokr]

Sigh. It is what it is.

Just keep playing the game!

[forex-intraday]

This might be interesting to monitor. An ascending triangle with a strong short-term resistance.
Interesting analyses, glad to follow you.

Good luck!

[forexbrokr]

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