Hi everyone!
Long time since my last post. I have been watching closely the crypto market.
After a loudly bull run, my perspective of the pair has change.
As wee see on the chart, the price did broke the 9000 USD support strongly. After that, the bears rejected MA200 showing us a bearish scenario. In my opinion, a dropdown is near to come. The 38.2% fibonacci retracement has been achieved and a correction flag movement is showing up.
Probably, on the next days we will have a movement till 6000 USD.
Kind regards!!
BTCUSD
Long time since my last post. I have been watching closely the crypto market.
After a loudly bull run, my perspective of the pair has change.
As wee see on the chart, the price did broke the 9000 USD support strongly. After that, the bears rejected MA200 showing us a bearish scenario. In my opinion, a dropdown is near to come. The 38.2% fibonacci retracement has been achieved and a correction flag movement is showing up.
Probably, on the next days we will have a movement till 6000 USD.
Kind regards!!
BTCUSD
Comment:
Price starts to move sideways. Waiting for the breakout
Comment:
Price broke the flag formation last day. Next movement will be proyected to 6800-7000 USD.