Monday 19 November 2018

Bitcoin BTCUSD another drop in this downtrend towards new downside target: 4317!

Bitcoin BTCUSD another drop in this downtrend!

BTC remains in a bear market since price action is below  the cloud on a daily cloud chart basis.
It lost support after meeting the downside target of 5414! Support did not hold, and there is now downside risk towards the next key support zone of 4317!

On the 4 hour chart there was a sell signal above the cloud at 6427 zone! Price action is also below the cloud and this confirms the bearish outlook. 
Looking for support at next downside target : 4317!

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