Trendline break

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

pnaik732

The “Long” attached to this requires a lack of confirmation for this down move, i.e. recovery above the most important trend line around 33k

Can’t say I am not nervous about this. The next 24-48 hours is crucial.

Otherwise 30k, 28k next. There is horizontal support throughout this region, and fear is rampant, so a bounce can happen on buying or good news, but if it doesn’t happen then look out below.

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