Hello Fellas, Let's come to the update of bitcoin.
I want to give a highlight on the green trend line. this is the previous trend line that has already broken up and right now the price is trying to test it again to confirm as support. And if we see a correlation between this trend line and the fibonacci extention 1.1 level, it almost moving align with it. And the cross point between to highlighted region is slightly below the 200 MA which make things more interesting.
If we are talking about the breaking down of the 200 MA, Current daily candle hasn't closed yet. That's why today and tomorrow will be very crucial for the next possible move for bitcoin. However, in lower time frame, I haven't seen any confirmation of bounce just yet, making me to stay idle and just enjoying my yesterday's profit on SKY and LSK.
I want to give a highlight on the green trend line. this is the previous trend line that has already broken up and right now the price is trying to test it again to confirm as support. And if we see a correlation between this trend line and the fibonacci extention 1.1 level, it almost moving align with it. And the cross point between to highlighted region is slightly below the 200 MA which make things more interesting.
If we are talking about the breaking down of the 200 MA, Current daily candle hasn't closed yet. That's why today and tomorrow will be very crucial for the next possible move for bitcoin. However, in lower time frame, I haven't seen any confirmation of bounce just yet, making me to stay idle and just enjoying my yesterday's profit on SKY and LSK.
