A largely dangerous and sideways market for crypto. BTC trading within 2% ranges for 76 and 60 hours respectively.
if the next series of volatility brings in bearish movements, it is good confirmation that crypto may be ready to set new lows.
We saw a strong resistence at 4100$ we dropped back the candle i have marked is bearish and i dont like it. The 0,236 Fibo Line held as support the last hours but i think we will break down. The Volume is to low to make it to 4240$, so i think we can make a new low guys.
There are view signs on the weekly chart we are forming another Descending Triangle (the same pattern as we dropped at 6000$.)
Great content. I will follw you for more updates :)
DavidKern
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And I was right we saw a drop at BITCOIN, now i think we correct a little bit to the upside and the next target is 3500$. This was the confirmation that the bears are still in control of the market.