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Bitcoin: More Downside Before Chance On Reversal!!

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!

I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.

BTC long-term exclusive update

As we know there are too many negatives in the world right now regarding BTC! People are extremely fearful but if you guys need a totally useful update then read this total update.

Not to do it complex we will do it very simply if we see it in the weekly chart if we just draw a line to make support we can see that we have the strong support of 11k to 12k.

In the first pump, BTC bounced from the trendline but in the second and third pumps, BTC holds the 200ma after last 2018 this first time BTC broke below the 200ma currently BTC is trading on the horizontal support of 19k to 20k we are expecting a bounce from here up to the shorter time resistance of 27k to 28k and then we will reject and drop to the lower support which is around 11k to 12k.

If it is not able to bounce and break the 19k to 20k support then it will directly go to the low trend line .

This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.

Thank you