BTC is still trading in the orange dotted channel, but came back from 6960. There is no breakout yet, red arrows mark important levels. No volume yet in the recent 150 points decline, BTC needs to break 6750 first with volume to go for the larger resistance area of 6500, a break here would trigger a lot of stop losses of long positions.
There is currently some...
A bearish flag is formed with no visible buying volume. Resistance line within the bearish flag is 6870 and small support line is 6796. Falling below 6796 with a close figure would be as well a breakout of the bearish flag. Next supports are 6650 of the larger bearish flag rising trend line and 6500. Volume should confirm a real breakout.
Second bearish flag of COINBASE:BTCUSD with the potential of a midnight breakout to the downside with targets of 64xx and 61xx. The bold grey falling resistance line comes from the 7500/7300 top as starting point of the overall wave.
BTCUSD 's projected moving averages 200 and 50 will cross most likely on 24th March. If we break down with volume after crossing, rough targets are about 6000 USD or 5000 USD.
What is a death cross?
"A death cross is a crossover of a long-term 200 day moving average price breaking above its short-term 50 day moving average price. Typically, a death cross is a...
ETH is leading the way for BTC. LTC also broke the low of 14th March, let's wait for BTC to catch-up or better call it a catch-down scenario.
ETHUSD is now already at 525 USD, on 14th March the low has been 570 USD
BTCUSD as it's low as of yesterday at 7700 USD, on 14th March the low has been 7621 USD, so still trading above.