Bitcoin

(BTCUSD 1D) The Good The Bad The Ugly

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Bitcoin Is either going to continue down to $40,000 or $30,000. If we don't get a bounce and try to reclaim the $53,000 level from a bounce off one of these zones we're Phucked THAT SIMPLE.

KEY ZONES:

LOCAL SUPPORT - $40,000

MORE SUPPORT - $30,000 ( GOLDEN FIB LEVEL .618)

RESISTANCE - $53,000

If price finds 40k we will look for a bounce, If it breaks down and hold 30k then we will look for a bounce.

We're gone if price closes below 30k and retests and continues down.

Happy days Traders

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