Hello all "
I made an update for better overview, at 1 week candles.
Actually , BTC broke 50 days moving avarage and continue lower.
It looks really possible to technically hit that 3000$ level, which sits at yellow EMA 200.
This week, BTC is still in green dashed main uptrend zone. So is not confirmed for now.
However, at 1 day chart forming a deathcross, which is definetly sell signal.
I made also red dashed line as support. I personally think this can represent a bottom in downtrend.
If btc will continue in fall to 3000 dollars level , I will also not to be surprised, if we could see somewhereon at this way a breakout to uptrend.
This week only starts, and Bitcoin is stil in white diamond zone formation. I made this diamond from main uptrend and downtrend parallel lines. You can found it in my last BTC chart...
I believe in blockchain technology and don´t panic. Dip can be quick .
This is classic correction, as you can see in all kind of markets. So I don´t panic. I personally think, this all time high was only something like beginning first vawe. Maybe it will last 1-2 years to recover. But in longterm whole crypto market will raise more.
Tha´s all and check for updates : )
If you agree, leave me like below.
Sincerelly,
Mario Emvo.
*This is not a financial advice.
*Only for educational pursposes.
I made an update for better overview, at 1 week candles.
Actually , BTC broke 50 days moving avarage and continue lower.
It looks really possible to technically hit that 3000$ level, which sits at yellow EMA 200.
This week, BTC is still in green dashed main uptrend zone. So is not confirmed for now.
However, at 1 day chart forming a deathcross, which is definetly sell signal.
I made also red dashed line as support. I personally think this can represent a bottom in downtrend.
If btc will continue in fall to 3000 dollars level , I will also not to be surprised, if we could see somewhereon at this way a breakout to uptrend.
This week only starts, and Bitcoin is stil in white diamond zone formation. I made this diamond from main uptrend and downtrend parallel lines. You can found it in my last BTC chart...
I believe in blockchain technology and don´t panic. Dip can be quick .
This is classic correction, as you can see in all kind of markets. So I don´t panic. I personally think, this all time high was only something like beginning first vawe. Maybe it will last 1-2 years to recover. But in longterm whole crypto market will raise more.
Tha´s all and check for updates : )
If you agree, leave me like below.
Sincerelly,
Mario Emvo.
*This is not a financial advice.
*Only for educational pursposes.
Comment:
I can say, we are still in white diamond : ) nice
Comment:
We will see next action, BTC touched 382 FIBO and pulling 1 week candle back. This can be a bear sign.