We have successfully completed the 5th wave from the previous idea. What's next ?
For now, we are still looking towards 28,000, but the price will gradually be squeezed into a wedge formed by a red downtrend and a purple ascending line.
The other day we got Death Cross (the average 50 crossed 200 for 4 hours) This is a general signal for the continued decline in the BTC price, but we also have already formed support lines.
For investors, there is still no point in buying BTC, as we continue to decline. A good price to enter can be a breakout and consolidation of the price above 32,000
For traders, you can focus on trading in the forming wedge.
Also pay attention to altcoins, many of them remain in growing channels and show excellent volatility.
For now, we are still looking towards 28,000, but the price will gradually be squeezed into a wedge formed by a red downtrend and a purple ascending line.
The other day we got Death Cross (the average 50 crossed 200 for 4 hours) This is a general signal for the continued decline in the BTC price, but we also have already formed support lines.
For investors, there is still no point in buying BTC, as we continue to decline. A good price to enter can be a breakout and consolidation of the price above 32,000
For traders, you can focus on trading in the forming wedge.
Also pay attention to altcoins, many of them remain in growing channels and show excellent volatility.