After Bitcoin got rejected from 200 day moving average (orange), we saw a major drawback to the 50 day moving average (green).
The blue region is important, meaning that we should see bitcoin stay strong above 50 MA, otherwise a previous trend line can be tested looking for a new support to hold on.
Our Fckr indikator is still RED, meaning that the trend is not bullish!
In addition MACD is not bullish.
You can follow arrows for possible scenarios.
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BESTS, CryptoCholics out, Peace out
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As we told you as soon as the blue region is vanished Bitcoin tested the trend line!
So give this red and blue lines big impotance! Lets hope RED shows a good support at the first place!
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RED showed its strenght for now!!!
Lets see if we break through the first blue trend line. We need volume coming in!