Bitcoin complete uptrend reversal

Bitcoin is going for a key 18000 test

 

Bitcoin broke the consolidation rectangle below 28000. This breakout lower is again confirming its positive correlation with Indices and is confirming the complete uptrend reversal lower. The next downside resistance and a key level to watch is 18000 and this is the last downside resistance that could hold the BTC from going below 10000.

Note: look for the short trade entries with the stop loss above 25000

 

Bitcoin downside reversal

 

 

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