Bitcoin
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Bitcoin to drop lower - but likely slower than before

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BTC@7.270 right now broke the "second last" supportline. Still trending down above the longterm downtrendline momentum to the downside is fading - compared to prior lows.

Last upsidemomentum was during the G20 Meeting:
BTC: Short term risk on long trade - G20 rumors priced in


But follow by a fervals just days later:
BTC short signal


Best case scenario now for hodlers and alt coin BTC would be a new low with lower momentum than seen before. Same time BTC should remain above the downtrendline.

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BTC @ 7.1k: Supportline broken - fast drop on typical technicla trading.

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For hodlers now important that downsidemomentum is fading as soon as possible. Also important is, that BTC will stay above the longterm major downtrendline.
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BTC @ 6.950: Typical technical selling after major supportlines are broken

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UNCH:
For hodlers now important that downsidemomentum is fading as soon as possible. Also important is, that BTC will stay above the longterm major downtrendline.
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BTC @ 7.150 - downsidemomentum stopped, maybe:

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BTC @ 6.690: Downsidemomentum continues.

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Đóng lệnh: đạt mục tiêu
BTC @ 6.960: 2b bottom reversal possible.

trading-naked.com/2b-reversal.htm

BTC montum is fading again - right now. The following trading day on sunday should give us more guidance. Actually it might be better to trade short only on very short time frame. Longer predicitions right now are unable.

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Trade closed

opened @ 7.250
closed @ 6.960
-------------------
net gain 290 USD

re entry short @ 6,6k
no position long @ 7.3k
Beyond Technical AnalysisTrend Analysis

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