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BTCUSD 22% Bearish
Expected to see a 22% Bearish move after a breakout at 7441
There is a bearish engulfing pattern just after a doji at the 8738 level which signals a reversal
I expect to see a hold around the 7549 and 7440 levels
*A bullish impulse at this level would result a trend reversal (it wouldn't be a good idea to go long just as yet)
*A breakout at this level would result a bearish move down
At this point a 22% drop should be expected:
5913 shows a strong support level since October 2017 (worth looking into for extra confirmation)BTCUSD
There is a bearish engulfing pattern just after a doji at the 8738 level which signals a reversal
I expect to see a hold around the 7549 and 7440 levels
*A bullish impulse at this level would result a trend reversal (it wouldn't be a good idea to go long just as yet)
*A breakout at this level would result a bearish move down
At this point a 22% drop should be expected:
5913 shows a strong support level since October 2017 (worth looking into for extra confirmation)
BTCUSD
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