as you can see, the LUV has a lot of impulse right now and is moving agressively above the trend line, I figure before surpassing that line it would need to bounce from the lower level trend line.
People been diminishing crypto markets based on the volatily in price action, but if you look beyond FUD you will notice that BTC has gone many times thru the whole cycle , only that very much faster since the market has no boundaries, and its run 24/7 by a bew crowd of traders that really dont care about sleeping, weekends, or any of the mainstream agenda. Crypto...
De otra forma lo vemos breakdown hacia el proximo test level del support anterior.
Notice the goldeen cross back in 2013 and how well it went from there, but hey nowadays we are in a different scenario in the market and notice how this death cross in the weekly is playing along with the very low RSI and the price action is bearish AF!! look for a bounce here and try to get out when it test resitance in the 9 EMA at around $55.00.
Did you see what happened when BTC fell down to the channel bottom line? it bounce so fast. i think we probably will hit 8,000 in the next move up.
is going to finish descending in this triangle, then after hits prbably below 7,800 is going to bounce and breakup .
al acercarse al angulo debemos esperar o que baje a 8,4000 donde tendra un bounce inminente. de otra forma si rompe el downtrend podemos decir que buscamos un target de $9,200 no mucho mas de ahi. i want some #neo #btc #nano