Looking at the technical analysis of BTC/USD, I Came up with two ideas about the whole current situation, a few months ago,I analyzed
this crash we are currently in, and the link is here :
and on the analysis the idea was that it was going to dip up to 14K area, that idea is in action, but I see a new potential support area at 29K which can make it hard for BTC to break below:
Here's what I will be looking at when it gets to 29K :
if you decide to take this, but this is not financial advice.
this crash we are currently in, and the link is here :
and on the analysis the idea was that it was going to dip up to 14K area, that idea is in action, but I see a new potential support area at 29K which can make it hard for BTC to break below:
Here's what I will be looking at when it gets to 29K :
- A return candle/ Reversal candle
- It failing to break below
- Forming a strong support
- Decreased momentum
if you decide to take this, but this is not financial advice.