Two possibilities
Hi!
When looking at this daily chart my opinion is that BTC is either way going to test that 3000-3300 area first to test the support once again. From that point what happens next is...
A)support breaks and the price is going to keep falling down to 1900-2100 area where there's another support, then breaks downtrend and tests 3000 again. According to the RSI the possibility for another drop is there. Also there's a bearish MACD crossover going on ATM which might add fuel to the fire.
B)breaks the downtrend and rallies up to 4000s,
Anyways, I think that A has a bigger possibility to come true at this point.
Good luck everyone!
When looking at this daily chart my opinion is that BTC is either way going to test that 3000-3300 area first to test the support once again. From that point what happens next is...
A)support breaks and the price is going to keep falling down to 1900-2100 area where there's another support, then breaks downtrend and tests 3000 again. According to the RSI the possibility for another drop is there. Also there's a bearish MACD crossover going on ATM which might add fuel to the fire.
B)breaks the downtrend and rallies up to 4000s,
Anyways, I think that A has a bigger possibility to come true at this point.
Good luck everyone!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.