b3ll
Doesn't it look the same as January? It looks SCARILY similar to each other. With patterns such as the bearish divergence forming, it is repeating what happened in January earlier this year. So, what can we expect? We can expect BTC to retrace all the way back to 30k. However, do watch out for support levels that might kick start the pump such as at 37k, 35k,...
BTC had a great pump after weeks of depression. Now, it's testing the 55 EMA after a strong rejection from hitting 40k. If we manage to bounce from the 55 EMA, we will see a retest of the 40k point again. If we fail to bounce from the 55 EMA, we test the support levels of 31-33k.
BTC now is heavily manipulated. HOWEVER, all the indicators, trend & momentum is pointing to the upside. Short term ascending/symmetrical triangle is playing out (1hr). (The first target for the breakout is 50k) Do bear in mind we will still be playing within the VERY STRONG support and resistance which is 30.6k - 43k (red lines). So if we're to break down, we...
Another Dot take from me. Do your own research before making any decisions. I AM NOT A FINANCIAL ADVISOR, ONLY GIVING MY TAKE. Dot has broken down the ascending triangle. However, it is (potentially) doing a reversal back up due to the whole market being down these few days. The potential gain to 43-45. The potential loss to 28-31. Do watch out for Dot, so far...
DYOR, I AM NOT A FINANCIAL ADVISOR. As you can see, Dot touched the support line and bounce up as of now. Very health correction that would lead to the expected pump.