On the left we can see a triangle in the making where the is dropping as well. Usually this means we can see a break on the downside. But that blue circle shows a possible bear trap move, indicating some big players might be accumulating here in this triangle. So only if we break up with high , this story might be true. That red zone is a clear .
On the right we can see an brought the price to the current levels and from the looks of it we broke upwards from that triangle. But there is no at all there. That tells me this breakout will most probably fail. Unless it can stay above the 95ish and still make another move up this week with high . Otherwise i think it can test the 70ish zone again.
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On the right for BSV we can see once again, how important volume is during breakouts. Still did not make a big drop, but i think if Bitcoin drops a bit more, this one might play catch up to the downside.
Pay attention to the points in your analysis !!
But I am in favor of blockchain technology and cryptocurrencies
But I disagree with Bitcoin, and I do not believe Bitcoin has the technology to be effective, and will not be used up until the next few years and will be destroyed.But there are even better currencies
I have not traded any more and my tracks are long from 1 years ago!!!
But I believe Bitcoin should be below 3000 to start real growth
The negative market is on its way and we will see the biggest falls. please see depth of market