TraderNeoh

Bitcoin (BTCUSD) - Is The Worse Yet To Come? Be Aware.

KRAKEN:BTCUSD   比特币
Hi Traders. In the recent few analysis, I've been talking about the short opportunities from 40,000, 31,000, and the break of 28,000 area.

If you've taken these opportunities, probably could've been some greatest setups.

But as for now, Bitcoin is nearing the 19,000 - 19,500 key level, just be aware of the potential high volatility movement.

As 19,000 - 19,500 is probably the only significant level where everyone's eyeing on.

Different scenarios
1. Price react to 19,500 with tons of volume, reverse back up
2. Price consolidate around 19,500 area
3. Price completely ignore 19,500 then crashes downwards (which is the worst case scenario)

Will keep you all updated.


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Take care and trade safe.

All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.

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