Hi Folks:
I do not trade cryptos but I like to share my point of view. After failing to bounce from the ascending channel support trendline, BTC has been falling down below 40k mark and it all points to keep going further down to test the 31k level where another possible ascending channel is detected.
Current geopolitics makes me thing that chances of bouncing from 31k up again are quite limited to 25% or so. While the continuation towards 20k seems long overdue and having much higher chances of 75% in my opinion.
Take my advise only for information, not any financial advise as I do not trade this unregulated markets.
STAY SAFE. Cheers.
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I do not trade cryptos but I like to share my point of view. After failing to bounce from the ascending channel support trendline, BTC has been falling down below 40k mark and it all points to keep going further down to test the 31k level where another possible ascending channel is detected.
Current geopolitics makes me thing that chances of bouncing from 31k up again are quite limited to 25% or so. While the continuation towards 20k seems long overdue and having much higher chances of 75% in my opinion.
Take my advise only for information, not any financial advise as I do not trade this unregulated markets.
STAY SAFE. Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.