Hi, guys. I’ve checked the resistance lines and it seems it wants to go down, since 1 month chart MACD is really bearish, and also, it has broken the 50 EMA line.
As you can see, BTC broke the support and it has turned into a resistance.
Will it break it or not? Stoch RSI 1D is at max. level, but it can just make a new high and it would be wave 1 of a bigger trend. Anyways, experts are calling for BTC under 5k dollars, what makes sense to me.
Let’s see how it plays out, but as I have seen many times, it can go further down like in 2014.
It’s just an idea. I’m not responsible of your actions. Trade at your own risk.
Good luck ;)
As you can see, BTC broke the support and it has turned into a resistance.
Will it break it or not? Stoch RSI 1D is at max. level, but it can just make a new high and it would be wave 1 of a bigger trend. Anyways, experts are calling for BTC under 5k dollars, what makes sense to me.
Let’s see how it plays out, but as I have seen many times, it can go further down like in 2014.
It’s just an idea. I’m not responsible of your actions. Trade at your own risk.
Good luck ;)