Hey guys, today I'm going to share with you my view on Bitcoins next move
As shown in the Bitcoin chart ,
it has been in a downtrend since November 10, and it has started forming a lower low and lower high , and this is a bearich sign .
i have 2 possibitlity in my mind
first one :
the bitcoin will break the black trendline , and the target will be the red zone, and then we will see how Bitcoin react with the $52k area
seconde one :
if the Bitcoin does not break the black trendline we will go to 40k , I am waiting for the candles, how it will react with the trend, and I will make a decision either to buy or sell .
i hope you like my analysis , D'ont forget to follow me for more ideas
As shown in the Bitcoin chart ,
it has been in a downtrend since November 10, and it has started forming a lower low and lower high , and this is a bearich sign .
i have 2 possibitlity in my mind
first one :
the bitcoin will break the black trendline , and the target will be the red zone, and then we will see how Bitcoin react with the $52k area
seconde one :
if the Bitcoin does not break the black trendline we will go to 40k , I am waiting for the candles, how it will react with the trend, and I will make a decision either to buy or sell .
i hope you like my analysis , D'ont forget to follow me for more ideas
