today is the completion of 9 day cycle
two possibilities the breaking of 9600 support may cause the dump to 9300 and beyond if the dump occurs it will be for 3 to 4 days
2nd average lines its holding
the current pattern is similar to 16th mays situation but after that it hit
now we are again on a weekend un sure where it will go
but my prediction its going to...
few things to note
btc has been followng a 9 days duration patterns for its ups and downs this month
its 8th day when it went to 10k and back completed its up and down cycle like the
20 to 26th may up and down cycle wave
well it was definitly going up after breaking resistence
but or a moment even i thought it would go past that but RSI and the fact that it held...
well i could point the current situation in relation to two points from past
7th to 9th may price levels got high and then gradually the RSI showed similar trend to where it is now
14th may to 15th may similar RSI and price action
28th to 29 may
what i can make out of such is what happend after 9th small rise then a dump from 10th and comming day
Seems Like Headed towards 8200 marks
Critical Prices to observe if it happens 8400 8600 it held previously but when it breaks its headed down
appears to be with in two days time frame if not sudden so far the buying has not stimulated anything
there was short spell of that
In my opinion no not when i look at 6m btc simple chart.
Its trajectory looks stable many traders have posted ideas about it being shorting to 6k levels to dump to those levels from where it is unlikely.
However it is volatility that’s what we try to foresee but it has not reached the levels where it was before the covid dump occour.
may be they base their 6k...