formed Triangle pattern
for several days and we can see the bottom line of Triangle failed today. As we all may have see, Bitcoin
had huge red candle closing deeply below this line. Also, Bitcoin
dropped below the Channel. Currently Bitcoin
is testing these lines as a resistnace levels. Bitcoin
manages to get back over these lines, then upward trend will continue, somewhere between $8100 - $8300. Otherwise, I expect a drop
somewhere between 7000 - 6800 and probably lower.
is forming another Triangle (see yellow lines).
Now let's move to my favourite indicators. On 1D chart, MACD
histogram became red and lines seems to perform bearish
crossover soon. RSI
is declining and below Level70.
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