BTC breached the small bullish trend so still continue with the larger trend who is still bearish.
It doesn't have any support on the MA 100 (orange) line anymore so we could suspect a bounce on one of the support levels or we can see a way back to de MA 200 (Red) line.
Retracement to the MA 100 should confirm the downside!
It doesn't have any support on the MA 100 (orange) line anymore so we could suspect a bounce on one of the support levels or we can see a way back to de MA 200 (Red) line.
Retracement to the MA 100 should confirm the downside!
Note
As we can see, BTC sticks on the support level for a few days.. I suspect a little retrace to 10k before we will fall lower till the SMA 200 level (red line).
Trade active
This is what I think will happen with BTC the coming weeks. Get prepared !
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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.