Actually BTC sits on an important support line (6.800$). We can draw it back to november 2017 and it has been tested several times in the last days.
If BTC isn´t stopped here a further drop to prices around 5.760$ (fib retracement 0%) is possible - as it had happened in february 2018.
On the other hand, if support halts then a short rise to prices around 7.380 are possible - and even a test of the upper limit of the actual trend channel could happen.
RSI is above the falling trend line - that gives some hope. ADX is quite neutral; DI+ a little bit climbing and DI- a little bit falling - nothing serious.
As mentioned above, the actual support at 6.800$ (+ /- 100) is important for the next movements.
If BTC isn´t stopped here a further drop to prices around 5.760$ (fib retracement 0%) is possible - as it had happened in february 2018.
On the other hand, if support halts then a short rise to prices around 7.380 are possible - and even a test of the upper limit of the actual trend channel could happen.
RSI is above the falling trend line - that gives some hope. ADX is quite neutral; DI+ a little bit climbing and DI- a little bit falling - nothing serious.
As mentioned above, the actual support at 6.800$ (+ /- 100) is important for the next movements.
Trade active:
What a bullfight! Seems that the cowboys will win this time.
What a bullfight! Seems that the cowboys will win this time.
Trade closed: stop reached:
The bears have won the race!