EMA50 is strong opponent! SCORE is EMA50 3:0 BTC :-) New buying opportunities below $8K coming soon.
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I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
As I wrotte about it yesterday we saw that a huge breakdown occured from the bearish flag. Price dropped down to $8165.
Also BTC is back below Fib 61,8% Retr. Another resistance on the way up.
BTC now indicates that the price will continue to decline to $8000. Where is the first possible rebound expected.
Also EMA200 and EMA50 confirm further downward trend.
However, an interesting view is on Ichi, the red and green lines. Here is a possible TK-Cross, a potential bullish signal and it could open the way to price around $8400 - $8800.