Short term analysis for BTC
Overall (Short-term, Long-term is hard to tell): possible in both Long (40%) & Short (60%)
Color system:
Start from purple-> On 1-hr. time frame there's a little bull divergence on it. So it might spike to the green area, but the volume is so low that I don't think it will go up in that way.
So let's see the blue lines are the test line (support). If it cannot hold we gonna see 5x,xxx price.
Possible quick spike then extreme drop.
Color system:
Start from purple-> On 1-hr. time frame there's a little bull divergence on it. So it might spike to the green area, but the volume is so low that I don't think it will go up in that way.
So let's see the blue lines are the test line (support). If it cannot hold we gonna see 5x,xxx price.
Possible quick spike then extreme drop.
Trade closed: target reached