1. The pressure level above the btc is around 34200. On the daily chart, BTC failed to break through the downtrend.
2. The price fluctuates in a narrow range,
i don't suggest to trade frequently
NFA
Today btc tried to break the upside of downtrend, but it failed and now it’s heading down. Btc now is forming a lower low, lower high downtrend. It’s a really bad sign. If the price cannot break the upside, the next support on daily candle chart would be 21k or even lower. In 2h chart, btc seems like going to rest 0.618 fib retrace support which is 32k. This is...
Eth is weaker than I thought. It did pumped up with btc yesterday but eth didn’t break the first resistance above it. Now it’s heading down. Btc also didn’t break the second resistance, so highly chance btc will go down and retest the golden support on 32k which is the fib retracement 0.618. And eth will dump with btc
1. eth now is testing the fib retracemnet 0.82 resistance, if the price breaks the sup/re and stay above it after retest sup/re. the price will keep going up. 2224-2240 will be the next sup/re;
2. if the pice failed to retest the 0.82 sup/re. the price will keep going sideway between 0.5-0.82 fib retracement.( this situation seems like is having a small chance to...
bitcoin now is going sideway on the 1h chart, there are signs that indicated the price probably is going to break upside. Price amplitude decreases between the yellow and red trend line. 2 outcomes
1. If the price break the trend line and keep going up to break the fib retracement 0.5, and the price is staying above fib retracement 0.5, then there will be a...
