thyobloye

thyobloye

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thyobloye

After mid-term 55ema failed, next bitcoin break below 200ma support. Now the downtrend will cotinue to test the 30k psychological support. Please keep in mind that weekend is the moment where stock market closed, so a lot of trading volume will come to bitcoin tomorrow. If the price can broke the 33k, we will back to 35k level, but if the 33k is failed, and the...

thyobloye

Since failed to hold 35k level now BTC sits at important support, the 200MA. The 55ema couldn't hold the price meaning that 35k level will soon broke down, and the retest to the 35k triangle is failed. This drop probably aiming the 30k psychological support and the importan 200MA. Any rebound from 30k will test the downtrend channel back to 33k.

thyobloye

Bitcoin at ema 55 support and still holding, this ema act as medium term support as close above this ema means the price remain safe in the 30k+ zone. Please note that the triangle pattern is broke, and now BTC still retest the triangle. Theres price downtrend channel as well if the triangle failed tu hold the price, we will see the decline within the downtrend channel.