Hi guys, BTC has been slowing down in the last couple of weeks so it's pretty hard to estimate what the next move will be. We are seeing the total market cap on the rise which suggests the bull market will continue after this correction. For now all we get from the chart is a lower high and a lower low. Currently we are travelling to oversold RSI, but not there yet. A bounce from the blue re-supply area would mean we continue going up.
Bull : we bounce from the 57.000$ levels and a new high would mean the correction is over and we are heading towards the low 70's.
Bear : we break the 57.000$ levels and head back to test the 51.000$ area ( already tested once last week so be careful )
This is not financial advice, just educational & personal material. DYOR
Trade safely my friends !
Bull : we bounce from the 57.000$ levels and a new high would mean the correction is over and we are heading towards the low 70's.
Bear : we break the 57.000$ levels and head back to test the 51.000$ area ( already tested once last week so be careful )
This is not financial advice, just educational & personal material. DYOR
Trade safely my friends !
