Based on my Analysis: How impressive the bears are for embarking a lot of people in their coup. My last resistance barrier is at 3838 USD. But I see already a resistance above that.
The bears are so strong, The price has already breached it a bit but it didn't fully rushed through yet .
The price is about to slow down. We have a good pattern seen in the S4W/MirrorStop indicator. Normally lines should always cross each other. But as we can see, the red rebounded and it didn't cross yet. That's a good scenario telling the price is about to go up. And if a second rebound happens, before crossing, we will enter into a reverse scenario that made the price falls from 6400 USD to here (price will significantly go up). At least there is a climb to occur, but bears are still in charge , for now.
The up move will occur only after the the S4W/MirrorStop line will cross again. So we are still far from it to occur. That still give a change for a new rebound before crossing. That would be really nice.
I think the price will slow down anyway very soon. I'm not afraid of the current fall. I would say there is 70% chance, that horizontal line I've draw near the price will be a resistance level. We have a mark about this in the S4W/Normalizer. If horizontal line is cross, the price will really slow down its fall.if the value goes up it's interesting though. At least, it will flatten, at best, it will make the price rising up
Remember all the horizontal lines I've drawn on my last ideas. They are still here and play important role of support/resistance...
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you very much.
The bears are so strong, The price has already breached it a bit but it didn't fully rushed through yet .
The price is about to slow down. We have a good pattern seen in the S4W/MirrorStop indicator. Normally lines should always cross each other. But as we can see, the red rebounded and it didn't cross yet. That's a good scenario telling the price is about to go up. And if a second rebound happens, before crossing, we will enter into a reverse scenario that made the price falls from 6400 USD to here (price will significantly go up). At least there is a climb to occur, but bears are still in charge , for now.
The up move will occur only after the the S4W/MirrorStop line will cross again. So we are still far from it to occur. That still give a change for a new rebound before crossing. That would be really nice.
I think the price will slow down anyway very soon. I'm not afraid of the current fall. I would say there is 70% chance, that horizontal line I've draw near the price will be a resistance level. We have a mark about this in the S4W/Normalizer. If horizontal line is cross, the price will really slow down its fall.if the value goes up it's interesting though. At least, it will flatten, at best, it will make the price rising up
Remember all the horizontal lines I've drawn on my last ideas. They are still here and play important role of support/resistance...
PS: Don't take my words for granted. Analyze, re-analyze, then trade at your own risks.
PS2: If you like this analyze, please click the LIKE button. FOLLOW me also to get my latest ideas. Thank you very much.