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BTC/USD - DEFENSE

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BTC/USD chart on coinbase doesn't look good. I would expecting a double bottom to form around 3.4k level or continuation to 1.7k. Defense is the best offense.

Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.

This is not financial advice. All charts shown on my page, including this one, are just for fun.

If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)

This chart is made using fib channels.
注释
This chart has many more confirmations than the previous BTC charts I've posted, probability to the downside is high.
注释
This is a good example of how to identify the overall trend. With this chart, you can see the importance of diagonal lines over horizontal. :)
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