The fall has been losing strength in the last few days, but the bulls are still very shy.
As we approach the support area at 7000 to 6000 it is difficult to know what will happen with bitcoin.
I did the analysis of 3 possibilities.
Possibility 1 50%: The fall continues without pullback to the 7000 area of support.
Possibility 2 35%: Terms a pullback to gain more strength for the fall.
Possibility 3 15%: Break the low channel.
I believe we will not lose the price of the 6000 if the fall does not have a considerable rise before (pullback).
As we approach the support area at 7000 to 6000 it is difficult to know what will happen with bitcoin.
I did the analysis of 3 possibilities.
Possibility 1 50%: The fall continues without pullback to the 7000 area of support.
Possibility 2 35%: Terms a pullback to gain more strength for the fall.
Possibility 3 15%: Break the low channel.
I believe we will not lose the price of the 6000 if the fall does not have a considerable rise before (pullback).
Comment:
No buy force detected. Going down...
Comment:
Graph upside down.
When we look down the upside down it is easier to accept the probability of falling.
When we look down the upside down it is easier to accept the probability of falling.
Comment:
Touch in support area.
What will happening now? Pullback or Panic sell? It's hard to know. Lets watch.
What will happening now? Pullback or Panic sell? It's hard to know. Lets watch.
Comment:
After touch in support area, we have a strong H1 candle, the next probabily moviment is:
Comment:
Bitcoin is once again following our prediction.
Everything indicates that the pullback is over and the price goes toward support in the 7000 region again.
Everything indicates that the pullback is over and the price goes toward support in the 7000 region again.
Comment:
the fall is still the most likely
Comment:
Bitcoin are trying break a downtrend line, if break, i will create a new chart idea.
Trade closed manually:
new chart
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