The black downward trendline that the current candle is touching is very important to us.
1) If we break this and BTC holds, we (COULD), be headed to a new ATH in less than a month.
2) If the black downward trendline continues to push BTC down, but that strong support zone box holds, we (COULD) be at the same price in 1 month. This would be great for ALT coins because the more stable BTC is the more ALT coins will increase.
3) If the black downward trendline continues to push BTC down, and that strong support zone box breaks, turning into resistance, we (COULD), see a huge drop and new recent low.
1) If we break this and BTC holds, we (COULD), be headed to a new ATH in less than a month.
2) If the black downward trendline continues to push BTC down, but that strong support zone box holds, we (COULD) be at the same price in 1 month. This would be great for ALT coins because the more stable BTC is the more ALT coins will increase.
3) If the black downward trendline continues to push BTC down, and that strong support zone box breaks, turning into resistance, we (COULD), see a huge drop and new recent low.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.