Sorry for the late update.
Fell asleep.
So!
Bitcoin has failed to test the 3rd resistance yesterday and new resistance and support level was made today.
By looking at the blooming defi coins, you could expect some downwards movement as a consequence.
If we can break down the black trendlines, we may see a further drop.
(But don't enter into a position now because there's no confirmation yet)
I am leaning bearish on this for those reasons but do let me know if you have other ideas why it is or doesn't!
Thanks again, guys!
Please like and follow!
Hope my chart helps with your decisions.
Fell asleep.
So!
Bitcoin has failed to test the 3rd resistance yesterday and new resistance and support level was made today.
By looking at the blooming defi coins, you could expect some downwards movement as a consequence.
If we can break down the black trendlines, we may see a further drop.
(But don't enter into a position now because there's no confirmation yet)
I am leaning bearish on this for those reasons but do let me know if you have other ideas why it is or doesn't!
Thanks again, guys!
Please like and follow!
Hope my chart helps with your decisions.
Bitcoin price moved up but bitcoin dominance has moved down.
This can confirm alts going to explode again.
(ATM I don't have any positions on BTC)
Still, keep watch because it may move up to R3 and may get rejected hard.