Mihai_Iacob

Bitcoin- Pin Bar for down continuation

Short
BITSTAMP:BTCUSD   Bitcoin
In my yesterday's analysis, I said that Btc CAN rise to the 40k zone, but traders should not get too excited and this, in fact, is just a correction.
The main crypto didn't even had the power to touch 40k and reversed strongly from 39k, leaving a nice pin bar on our daily chart.
This can be a clear signal that the correction is over and further losses can follow.
At this moment, 35k acts as support and a break here should accelerate losses to 30k figure.
In my opinion, rallies should be sold and as long as 40k resistance is intact my outlook remains bearish

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