It makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
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* GOLDEN DEATH CROSS OCCURED!
