Bitcoin May Plunge as It Prints a Familiar Bearish Structure

Bitcoin May Plunge as It Prints a Familiar Bearish Structure


By CCN Markets: In technical analysis, a support area gets weaker every time the prices touches it. That’s because each tap drains the strength or the demand at the support. A good example of this principle is the bitcoin breakdown of the $6,000 support on Nov. 14, 2018. In the chart above, you’ll see that […]

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Posted by Kiril Nikolaev on August 20, 2019 @ https://www.ccn.com/bitcoin-may-plunge-as-it-prints-a-familiar-bearish-structure/

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