We are witnessing a fall to 37200-35000 levels. Lets see how Ethereum and Crypto market reacts to the Hard Fork. Maybe the run up of Ethereum and the market was due to a big news event. Is it buy the news and sell the event again? lets see.
I am on the side lines for now. Will open long around 36K levels.
Today's close will decide a lot. below 30k will be an extremely bad sign. The bulls are fighting hard to reclaim and stay above 30K but the red candles and the volumes associated with those tell another story. I feel that we will go further down after a mini bounce.
Food for thought: If everyone is hoping for 24K, do you think it will go to 24k?
Is this mini...
This doesn't look too good! 30K is acting as the resistance but it is being tested again and again. We also have a triple top in June.. and now this. save bitcoin!
Can see a very term short-term bounce to around 34K and then back to 31k. If 31K doesn't hold, we go further down. Clearly seeing a downward channel here.
