Low volume downside All ayes on the strong support at 0.54-0.56
Fundamentls are not so bad but technicals sows extreme fear -17% in 2 days 😱 All 👀 on support
The price will return at the level of the big brake out at 220€ after this level we have to retest the pattern again the trend is changing....
In the last month, BTC is in a consolidation area. The trend can be characterized as a bull due to the fact of positive EMA(20,50,200), but nothing can exclude the potential of an abrupt reversal. Hint: it perfect time to consult the Bollinger Bands.
A repeatable pattern that possibly pushes the price at higher levels. Moreover, the exponential moving average of 20 days is positive with a view to cross up the 50 days EMA.