📉Whole situation with $BTC is looking like very bearish trend without big buyer power, we can’t see change of this current bearish trend. Upwards movement to $9k right now is looking like miracle and we do not trust in this. Next strong support is on $7500 - $7300 price levels, if break them - we will go down much more (about this in the next updates).
1️⃣On the first chart is our expecting movements for $BTC, many stop limit orders is sitting on $8k level and opposite on $7800 many buy orders, so we can riding in this range on this weekend.
2️⃣Second chart is showing us situation with Bitcoin in Grayscale Bitcoin Trust - it broke the important support and dumped to $7200 price zone, as we know with last year’s spread was fixed within 1-2 months (instead the spot price), not in favor of $BTC🤷🏼♂️📉 (it was when Bitcoin dumped from $6k to $3k price level).
3️⃣As we mentioned Bitcoin is looking very bearish and with this third pattern - we think we are going down more, just need to find much better position for short😈
ℹ️In conclusion, we have told earlier
that many important updates and news will be released from 2020, also now we know that TON release is postponed too, because of problems with SEC. There is not enough power for growth before 2020.