Bearish scenario:
BTC is struggling to break above 47500 k and has broken the trend line below the Bull run. in My opinion it is very important for BTC to stay above 42k USD to remain bullish, if this break below 42k and candle close below this support it will go back all the way down to the previous support at 30K.
in my opinion it is probably trying to shake...
I am not trading on lower then 4 hr time frame as l do mostly swing trade. In this chart l have a red X on the last candle and it’s held buy a resistance orange line EMA 99 that l predicted yesterday. Its a good opportunity to buy the dip. But please pay attention noting is 100% sure. If it breaks the ema be ready for more dumps.
There is no reason to panic...
If you follow the ema 99 from end of July alwaysActed as a support for Btc. When/if touches the yellow ema 99 around 45-46 k it will bounce and continue the bull run. I will be watching the ema 99.
