WaelHaz

SHORT BITCOIN

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BITFINEX:BTCUSD   Bitcoin
Just an idea and trade at your own risk.

Bitcoin still remains bullish on the daily and weekly timeframes.

Bitcoin is still in correction phase and in its downtrend channel on the 4H timeframe (Yellow dotted lines) with possible next target around 35K - 37K.

After reaching the above demand zone and after breaking the downtrend correction channel, a buy opportunity is there and next target is into the upper white channels lines at 50K and a break above may lead to next target on the daily and weekly timeframe at 70k.

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