Lower lows for a while where eventually will get a break and start bull trend. Price is too loo and long term entries from those prices considered a great opportunity to reclaim your losses and build for our +3 years future. Will keep updating this analysis.
The last bull trend in Bitcoin is not healthy at all, we used to test the 21 weekley moving avg and then bouns from that level. So far, we did not see such a pattern in this current pull trend, and this will increase the probability that we are seeing what so called wave C that normally happem within bear market. Note that the current leg could also reach 20k...
Take advantage from this movement.
Bitcoin will definitly touch the orange moving average line. At that point, if bulls have more power than bearrs, then Bitocin will xplode to 10k or even more. If beers were stronger, I expect Bitcoin may go back to test 4k $. Please hit the like button if my work is correct. Thank you