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  • Rahul Firez

Will Bitcoin continues its downward trend ?

Bitcoin had made a low on 28850$ on Binance Exchange on previous trading day exactly reversed from First support around 28800$ and made a high of 33826$ , then reversed from bottom of ascending triangle pattern now trading at 31790$.


If you doesn't know about ascending triangle pattern , it is know for bearish view once break down the triangle.

As shown in the image Bitcoin reversed exactly from the path I suggested on chart, if Bitcoin fail to hold the previous low which is 28850$ then we can see further downtrend till first support around 23950$ and second support at 19800$.

What we should do we can short the BTC for the first target of previous low which is 28850$ if breaks we can hold till 23950$ for second target and stop loss can be 33900$

What is your opinion on Bitcoin, where would you see the Bitcoin in next two to three days.

 

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