BTC BETWEEN THE RED AND GREEN LINE : 18K THE KEY LEVEL
BTC did know better times than this, and with the last time's trend, it was able to enter a new uptrend market.
The market was looking great, and FTX news did change all where the markets did break down, but what next?
BTC is at this moment still positive for a low time frame as long it hit not the red line.
The red line means the first confirmation of a downtrend where BTC should not go below 14K, If BTC hit 14K it could break down much more.
For now, there is no reason for this breakdown as the price of BTC is above the red zone.
Price action to 18K would mean there will be more volume into BTC which could bring BTC back to 22K
Until now the trend seems stable and goes between the 2 zones.
I call it positive as it has a good chance to return.
The study shows as long as the price action is 14k+ means a good chance for a return.
The market was looking great, and FTX news did change all where the markets did break down, but what next?
BTC is at this moment still positive for a low time frame as long it hit not the red line.
The red line means the first confirmation of a downtrend where BTC should not go below 14K, If BTC hit 14K it could break down much more.
For now, there is no reason for this breakdown as the price of BTC is above the red zone.
Price action to 18K would mean there will be more volume into BTC which could bring BTC back to 22K
Until now the trend seems stable and goes between the 2 zones.
I call it positive as it has a good chance to return.
The study shows as long as the price action is 14k+ means a good chance for a return.
Comment:
BTC showing some patterns on small time what could break BTC above 17300
Comment:
IF BTC Hit 17700, it would be a great breakout possibility.
In the short term, BTC has a good chance to increase further.
In the short term, BTC has a good chance to increase further.