BTC is creating roughly the same pattern as ADA before ADA broke upwards +7%.
If BTC can hold above 57800 for the day candle I think we could see break upwards towards 62k..
If it breaks down, possibly we will see 54k. It is hard to know.
Volume is low on this current drop..
There is definitely reason to move lower.. but Silver is moving up and DXY is moving...
Lately ive been showing how technical analysis works very well on cryptocurrency. It seems the simpler the better. Classical chart patterns and Japanese candle sticks may be old school, but human behaviour never changes.
Here is how i have used classical chart patterns, Japanese candle sticks, harmonics, Fibonacci retraces, support and resistance, to win on...
