This is the log scale chart and we are close to testing a long term support level
. The problem is that the MACD
is looking bearish
as well. We have a good probability of breaking the line. If we do unfortunately the next long term support is in the 2000- 3000 range. Can you imagine the state of the market if BTC
goes to 3k? We are talking LTC in the 50s, ETH in the 200- 300 range. Man I am getting excited just thinking about the buying opportunity.