$BTC broke long term support, more downside probable

Well it's looking more and more like this is going to be a deeper correction which could easily take us to the mid 8000s and if that doesn't hold than next would be mid 7000s. As of right now I see $BTC traveling in a descending channel and is currently testing the eq as support. The demand zone, indicated by the rectangle, has already held us up 3 times, and now we're back testing demand only a after making a lower high. Not good for the bulls. I'll probably be opening shorts $9800 and 10k with a stop somewhere above 10.2k

We had an amazing start to 2019, but there is no reason the selloff can't be just as bad.

Kommentar:

Analyzing the lower time frame and I see $BTC traveling in another descending channel. I would think the bulls would step in at some point to give price a little push, but if they don't his selloff is gonna get ugly.