Tactical Opportunity: Bitcoin on levels to sell

XBTUSD is right on a descending resistance at 9800 with not only a bearish price action, but also a perfect daily timing sell signal locked. BBSP analysts are keen to call for a leg down in a first step towards 6500/6450 (standard target) even/max 5500.

The rise should then resume towards 11 500/12000, corresponding to the upper part of the multi-month triangle pattern started in 2018.

As you can see above, BITCOIN banged against an intermediate descending line started in June 2019 with daily RSI 21 right at resistance.

bitcoinsellc

 

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