Hi,
We can see some very long wicks after the price broke down below 50000$. That means traders are not ready to sell BTC below that price, instad they took the oportunity to buy some more.
There is also a very nice double bottom after which price went back to 55000$.
It looks like BTC is ready for more! What do you think?
Hello traders!
It seems that we are approaching to the edge of the triangle, just like in the middle of November. RSI and MCAD are extremely bearish, but with plenty of room for the decent downside. From the trend of past few days it seems that Bulls don’t have enough strength to reverse trend upwards. Based on past trend next drop happened in 5 days, so there is...
Hi,
This is my first published TA.
If we compare 2018 downtrend with current one, we can see we could finish cycle 4 at around 10450$ and then we could continue downtrent to below 8000$.
plz, share your ideas.
KR
