After breaking the 6K level last week Bitcoin is looking for a solid support and new liquidity.
An expected breakdown based on my previous analysis on the BTCUSD daily (see below).
What I expect during the coming weeks to come: Exponential sell-off(s); This is needed in order to form a bottom (yellow bars) This will drive down the price heavily and drive up (DMI-) This idea supports the formation and continuation of the new ADX 'trend'.
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