Midterm picture looks bearish. Price is under cruical curves weekly sma20 and daily sma200 which are strong resistances.
Weekly sma20 did a bend down, which was always a bad sign.
We got a double bottom at around $6k which does some support.
Overall midterm picture is bearish (70/30).
Longterm picture is bullish while historical log lower trend line at around $3k holds.
Weekly sma20 did a bend down, which was always a bad sign.
We got a double bottom at around $6k which does some support.
Overall midterm picture is bearish (70/30).
Longterm picture is bullish while historical log lower trend line at around $3k holds.
