Hi Community,
Im not a pro Trader but that's my view here. Pretty simple.
If you see things different feel free to comment.
Very unlikely: Bitcoin breaks trend line, moving higher then 100 EMA Weekly (around 5.2k)
Very unlikely Bitcoin crashes again closing a weekly / monthly under 1.8k
Likely: Bitcoin gets rejected of the long time trend line + 200 Weekly EMA -> Falling towards 2k (could indicate: breaking trend line afterwards + bottoming out)
Likely: Bitcoin breaks long time trend line to test levels around 4200-4800 before crashing again. (waiting for closing weekly)
Area to watch in the Future: around 1.8k (100 Monthly MA(EMA)) THIS AREA SHOULD HOLD!!!!
A Closing monthly under this is really bad for btc and all Altcoins
Im not a pro Trader but that's my view here. Pretty simple.
If you see things different feel free to comment.
Very unlikely: Bitcoin breaks trend line, moving higher then 100 EMA Weekly (around 5.2k)
Very unlikely Bitcoin crashes again closing a weekly / monthly under 1.8k
Likely: Bitcoin gets rejected of the long time trend line + 200 Weekly EMA -> Falling towards 2k (could indicate: breaking trend line afterwards + bottoming out)
Likely: Bitcoin breaks long time trend line to test levels around 4200-4800 before crashing again. (waiting for closing weekly)
Area to watch in the Future: around 1.8k (100 Monthly MA(EMA)) THIS AREA SHOULD HOLD!!!!
A Closing monthly under this is really bad for btc and all Altcoins
Trade active:
So price at BitMEX reached exactly its target for the first time since a long time at the descending major Trendline and got fully REJECTED with very high volume.
(Price was 4066) (Shorted myself 4065)
BTC shouldnt reach that price again in the next months...
(Price was 4066) (Shorted myself 4065)
BTC shouldnt reach that price again in the next months...
Sorry for my bad english...