This is my interpretation. A quick drop to 6200's zone (a historical support level going back several weeks) for a retest.
If bitcoin 0.01% makes it through this we may see the capitulation.
I am new to analysis so take this forecast lightly. My opinions are my own.
We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we may drop to 6200.
If i am wrong we may see support at this level or the next down.
If bitcoin 0.01% makes it through this we may see the capitulation.
I am new to analysis so take this forecast lightly. My opinions are my own.
We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we may drop to 6200.
If i am wrong we may see support at this level or the next down.
Trade closed manually:
I think we pierced the resistance and the alts are going to go for another run.