Hello, its an analytics for noobs, everyone can understand it, please take your own decision based on what you think it will happen.
Falling of bitcoins 0.44% the last weeks, make the days, hours, minutes walk slowly for the most of the investors, if not all.
The famous question now is: will bitcoin 0.44% Die, will we see the end of a bubble, soon?
Noting yet is sure... even the experts can tell you what will happen, but keep an eye on the news
So we can see that Bitcoin 0.44% Use again the Down trend channel SUPPORT with 4 touch, but the EMA 50 (Orange line) may push the price down again...
4 scenario are possible:
1- Price will goes up, and broke the EMA 50, and keep going up (up trend)
2- Price will make a new nasty BULL FLAG (down trend continues)
3- Price may goes up, then Down after touching the EMA 50, so a retest of $5600 level will be assured
4- We can see a reversals trend from that low level $5600, or a break bellow that support (i think that this wont happen without the Bull flag or a kind of triangle that assure the continues down trend)
Falling of bitcoins 0.44% the last weeks, make the days, hours, minutes walk slowly for the most of the investors, if not all.
The famous question now is: will bitcoin 0.44% Die, will we see the end of a bubble, soon?
Noting yet is sure... even the experts can tell you what will happen, but keep an eye on the news
So we can see that Bitcoin 0.44% Use again the Down trend channel SUPPORT with 4 touch, but the EMA 50 (Orange line) may push the price down again...
4 scenario are possible:
1- Price will goes up, and broke the EMA 50, and keep going up (up trend)
2- Price will make a new nasty BULL FLAG (down trend continues)
3- Price may goes up, then Down after touching the EMA 50, so a retest of $5600 level will be assured
4- We can see a reversals trend from that low level $5600, or a break bellow that support (i think that this wont happen without the Bull flag or a kind of triangle that assure the continues down trend)