Bitcoin - Multi Timeframe Analysis Technically - Bearish

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Bitcoin (BITSTAMP:BTCUSD)

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BITSTAMP:BTCUSD Bitcoin

Trend Analysis Chart Patterns Technical Indicators BTCUSD Bitcoin (Cryptocurrency) xrpusd ripple cryptotrading profitlio profitliotrading traderchamp

trendanalysis chartpattern indicator btcusd bitcoin xrpusd ripple cryptotrading profitlio profitliotrading traderchamp

One more downside expected with BTC as on D1 it shows a bear leg formation which is very bearish to my eyes and also considering the key resistance it has formed on the chart and also which is highlighted with a blue bar. But I expect this will not go much deeper as we have support trend formed. Bear trend confirmed with D1 Bear leg breakout.

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snapshot

Kommentar:

Weekly time frame shows a clear structure with a support trend formed and expecting price should make one more move or retest back on this trend line support

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