Legend
White = Monthly Levels
Purple = Weekly Levels
Red = Daily Levels
From the current point, BTC is expected to test Monthly levels at $31,100 which is the strongest support in this whole BTC story. If, the price breaks this support daily support line at $30,083 will not be able to hold the front and we will slide to $28,220 which is weekly support.
In my opinion, by that time the inflows from weak hands will exhaust and we will be looking towards an upward move to $30,000 and above channel.
For now, I'm not opening any new LONG position in BTC until a) the volumes get back in the BTC or b) the price hits the downward psychological barrier.
I would love to hear your comments! DO COMMENT.
White = Monthly Levels
Purple = Weekly Levels
Red = Daily Levels
From the current point, BTC is expected to test Monthly levels at $31,100 which is the strongest support in this whole BTC story. If, the price breaks this support daily support line at $30,083 will not be able to hold the front and we will slide to $28,220 which is weekly support.
In my opinion, by that time the inflows from weak hands will exhaust and we will be looking towards an upward move to $30,000 and above channel.
For now, I'm not opening any new LONG position in BTC until a) the volumes get back in the BTC or b) the price hits the downward psychological barrier.
I would love to hear your comments! DO COMMENT.