BTC is moving bearish at the moment, and it´s next major support is at 7400$ where we most certainly will expect a bounce. But will this support hold and be the end of the bearish movement or are we going to drop even further ?
BTC is reaching the end of the descending triangle indicating a break down and probably finding support on the 128 MA.
BTC seems not to be able to break the trend line, therefor this can be the end of the pump. If this scenario happens BTC would have developed a third lower peak (lower high), indicating a drop and probably breaking the 9100$ support line.
As stated in my previous post that BTC will drop to 9400$, it is probably going to drop even further to 9100$ which is next support line before a relief bounce.
The triangle is getting tighter which when broken will result in BTC dropping and maybe finding support at 9600$ first before breaking even further to 9400$.
1- BTC will probably develop a double bottom on daily chart at 9100$, and from there we might see a light pump maybe even to back to 10000$. 2- After reaching reaching 10000$ and developing a lower high from the previous 10800$, BTC will probably drop again to the 9000$ line and break bellow it. 3- After the fall BTC will find support in at 7500-7400$ region due...
This might be the end of the pump at 10800$
Every time xrp touched the 0.28$ a big bounce came up, will it be any different this time ? Macd and the RSI look very bullish.