As I have always said, we are by no means predictors, and the possibility of error must always be considered
At the moment, what is happening in my view is that, because of Black Friday, most Chinese users sell their cryptocurrencies to take advantage of cheap purchases, which causes a temporary drop in the value of bitcoin, and usually from These hours go back
And what do we see in the chart?
As you can see, the price trend is in a downtrend and the candlesticks have hit the bottom of the channel.
Two scenarios are predictable here
In the first scenario, the price falls and goes up to $ 50,000 in major support, in which case the probability of a return from this support is very high.
In the next scenario, the price moves to the top of the channel and after breaking the resistance, it moves to $ 72,000
For me personally, the second scenario is more likely, and I think for the reasons I said the price goes up to $ 72,000 and I still take a long position
At the moment, what is happening in my view is that, because of Black Friday, most Chinese users sell their cryptocurrencies to take advantage of cheap purchases, which causes a temporary drop in the value of bitcoin, and usually from These hours go back
And what do we see in the chart?
As you can see, the price trend is in a downtrend and the candlesticks have hit the bottom of the channel.
Two scenarios are predictable here
In the first scenario, the price falls and goes up to $ 50,000 in major support, in which case the probability of a return from this support is very high.
In the next scenario, the price moves to the top of the channel and after breaking the resistance, it moves to $ 72,000
For me personally, the second scenario is more likely, and I think for the reasons I said the price goes up to $ 72,000 and I still take a long position