BTC... what's next move?

Hi everyone

this chart below shows we could expect more downward pressure before last drop happened.

in my next chart below you can see 3day chart and this important cyan blue trend line the price

hover over around it since March 13th 2020.

So the question is could this strong trend line hold the price to prevent more drop or downward pressure

will continue? if drop where is our next possible targets?

actually we don't know yet, but if this happened next important support levels on my chart could be our targets

from the indicators price still far from MA200 and moving below the ICHI cloud on 4H chart .

so we still in bear side for sure and I think we stay at the same for a while moving sideways or more drop.

for bull trend we need to see more clues in lower time frame charts. let's see


Enjoy the market

Giao dịch đang hoạt động:

possible limited moves in next hours coming.

Giao dịch đang hoạt động:

first wave complete as expected. can test one more time around 39500 before go upward.

Giao dịch đang hoạt động:

second wave almost completed. if the price closed above this important resistant line next target would be 45600$ if not 42K and 40K still in play.

Giao dịch đang hoạt động:

two possibilities for now, price can bounce upward from 42K heading for 45600$ or keep declining to hit 40K one more time, lets see