BitcoinLong
BTC Update
Hello Everybody,
As you can see, BTC is currently in a downtrend, as I marked with three touches at the trendline. As you can see, the third one isnt confirmed yet, but i think that is the most logistical way be cause we got the "retracement .... Pullback..... retracement.....pullback...." structure here.
So my prediction is that it will hit the trendline, fall back to the 30k Support Line which I also marked at the left. These are showing many touches before a strong Uptrend happened, so there could be a lot of buy orders sitting there.
After the 30k touch we will have a short pullback, and then a retest at the 30k Line.
That is also the area where I am playcing my entry, updates will follow soon.
As you can see, BTC is currently in a downtrend, as I marked with three touches at the trendline. As you can see, the third one isnt confirmed yet, but i think that is the most logistical way be cause we got the "retracement .... Pullback..... retracement.....pullback...." structure here.
So my prediction is that it will hit the trendline, fall back to the 30k Support Line which I also marked at the left. These are showing many touches before a strong Uptrend happened, so there could be a lot of buy orders sitting there.
After the 30k touch we will have a short pullback, and then a retest at the 30k Line.
That is also the area where I am playcing my entry, updates will follow soon.
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