BITCOIN - NOT DEAD YET
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We‘re about to lose major support, but that‘s not all.
We‘re also retesting the support of a major bullish pattern!
Spectate - let the weekend pass. Don‘t fall in the CME gap trap on Monday.
Keep watching the weekly chart too, if we stay above 200MA there we‘re BULLISH.
If weekly close is below it‘s still not over. Before opening heavy shorts wait for the bearish retest of weekly 200MA - i don‘t think we go to 22 before that happened.
Same for the bullish case. Look at the levels i gave that it has to break and retest before a real bullish move.
Heads up! In crypto we laugh about 20% loss ;-)
We‘re also retesting the support of a major bullish pattern!
Spectate - let the weekend pass. Don‘t fall in the CME gap trap on Monday.
Keep watching the weekly chart too, if we stay above 200MA there we‘re BULLISH.
If weekly close is below it‘s still not over. Before opening heavy shorts wait for the bearish retest of weekly 200MA - i don‘t think we go to 22 before that happened.
Same for the bullish case. Look at the levels i gave that it has to break and retest before a real bullish move.
Heads up! In crypto we laugh about 20% loss ;-)
Komentarz
We have the first confirmation that the support zone is flipping to resistance. First rejection there although we're on the "good path".Today can get very volatile but if the lower trend line around 25.3 still holds we could flip that resistance back to support and break out.
Komentarz
Hit the lower support zone.Now comes the exciting time. Do or die.
Personally I'm betting on UP now.
If we would lose that support it could take months to recover and that would be really bad. So here we are at the level where fear eats greed.
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