Bitcoin formed Triangle pattern for several days and we can see the bottom line of Triangle failed today. As we all may have see, Bitcoin had huge red candle closing deeply below this line. Also, Bitcoin dropped below the Channel. Currently Bitcoin is testing these lines as a resistnace levels. Bitcoin manages to get back over these lines, then upward trend will continue, somewhere between $8100 - $8300. Otherwise, I expect a drop somewhere between 7000 - 6800 and probably lower.
Btw. Bitcoin is forming another Triangle (see yellow lines).
Now let's move to my favourite indicators. On 1D chart, MACD histogram became red and lines seems to perform bearish crossover soon. RSI is declining and below Level70.
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Btw. Bitcoin is forming another Triangle (see yellow lines).
Now let's move to my favourite indicators. On 1D chart, MACD histogram became red and lines seems to perform bearish crossover soon. RSI is declining and below Level70.
If you like my TA, pls. hit that "like" button, leave your comments or follow me. Thank you.