BTC may be about to break down

21 de jun. de 2018

See the indications from the TD Sequential, Vix Fix, and TUX EMA Scalper noted on the chart. There are several signs that a short would be sensible. Higher leverage shorts may want to place a very close stop, just above 6760. Otherwise, a stop at 6860 would close on a breakout. I see a breakdown below 6650 to be likely to drop to 6400 or below, perhaps retesting or breaking the prior low at ~6100. We may see a new low. Those who are short from 6800 or higher may want to take profits near 6670 and reopen if support breaks, with a stop at around 6640. My bearish outlook will change if support is established above 6850, and I will be looking for 7050 next, which I don't think can be broken on this run.