Price broke under daily support with a bearish engulfing candle & now price is underneath its uptrend line.. Watch for a close for a bearish signal, price is now in a range of support and resistance & could consolidate for some time completing its right shoulder to finish off the Head on shoulders pattern it looks to be creating. After the recent bitcoin scandal of over 64 million dollars stolen, this could be the time where bitcoin finally has its first bigger correction!
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told you it would fall....Note
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watch price action once reaching highlighted zonesNote
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.