If you look at TMA bands on the weekly chart we were over the upper band from the end of December to the end of April. In less than 2 weeks chart not only crossed downwards the upper band but it touched the lower one.
As you can see we touched my old 30.3K support which is in confluece with the TMA lower band.
From here I see 2 scenarios:
1) there'll be a bounce back upwards but to increase BTC's price will take it slow, it won't go up so quick as it dumped;
2) TMA lower band will be broken downwards, in that case I think price can reach 26.1K support.
My personal thought: if you've liquidity you should be accumulating right now. I'm pretty pissed because I don't have any, I've no much time to trade lately and I'm stuck with my bags despite having seen coming many things lately.
Everything will be decided next week. The kind of candle and the price of next week candle will tell us where we're going.
I personally think bull market is not over, I agree with different models I've seen which state this is a huge dump before the next higher peak. After that peak it'll start the bear season.
As you can see we touched my old 30.3K support which is in confluece with the TMA lower band.
From here I see 2 scenarios:
1) there'll be a bounce back upwards but to increase BTC's price will take it slow, it won't go up so quick as it dumped;
2) TMA lower band will be broken downwards, in that case I think price can reach 26.1K support.
My personal thought: if you've liquidity you should be accumulating right now. I'm pretty pissed because I don't have any, I've no much time to trade lately and I'm stuck with my bags despite having seen coming many things lately.
Everything will be decided next week. The kind of candle and the price of next week candle will tell us where we're going.
I personally think bull market is not over, I agree with different models I've seen which state this is a huge dump before the next higher peak. After that peak it'll start the bear season.