CRYPTOSCARFACE

Corona tests the BTC trendline

POLONIEX:BTCUSDT   Bitcoin / Tether USD
The BTC now succumbed to the panic around CORONAVIRUS and has destroyed the long-standing trendline.
At present we can look at 2 scenarios:
If the BTC tests this trendline again and doesn't come back, we will succumb to the descending channel and go even further down to $ 3,000.
BTC resumes and attempts to cross the resistance zone in the coming weeks.
Do not expect rapid purchases, and high volume!
Everything now depends, on what news the world leaders tell us and what the course and impact on the economy will be .
Comment: Weekly Candle Must Be Closed Over $ 5500 (WMA200) to resume climbing up!
Comment: We are currently testing trendline again! Be careful
so far it looks like scenario 1.
Breaking through this line, and resulting possible dump to $ 3K
the weekly candle was closed in favor of bears and so the market behaves
if we do not get big and positive news today, we will unfortunately go down.
Comment: the possible bounce Up is right now, in this area around 4500
Comment: Trendline would handle the retest and confirm its important role in TA - Bitcoin
Comment: Russia is Banning the circulation and issuing of Cryptocurrencies !
Really bad news right now.
https://ccnews24.net/russia-is-banning-t...
Comment: it probably affects the direction
Comment: btc bounced off the trendline
but we are still in a vulnerable zone
  bull volumes are still low compared to bears

Comments

Trendline would handle the retest and confirm its important role in TA - Bitcoin
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I broke it down as well, here is my view on it
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CRYPTOSCARFACE transparent-fx
@transparent-fx, yeah great view !
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