BTC has bounced very well since a few days. Yesterday it was rejected by the next resistance (dashed line) and the MA 50W. It seems to continue going down.
I think that BTC would retest the MA 50W some times in the coming weeks before breaking it to go higher. My predicted mid-term target is still $32000 and BTC would not be lower than the EL Line (please refer to my previous post with the link below).
I think that BTC would retest the MA 50W some times in the coming weeks before breaking it to go higher. My predicted mid-term target is still $32000 and BTC would not be lower than the EL Line (please refer to my previous post with the link below).
Comment:
BTC was rejected by the dashed line resistance and the MA 50W & 200W. It's been going down as expected.
Comment:
BTC is still moving as expected (some how). Now it is going down to $21000 - $22000 area again, for liquidity grab.
