Will we see a new LOW soon on BITCOIN?
A largely dangerous and sideways market for crypto.
BTC trading within 2% ranges for 76 and 60 hours respectively.
if the next series of volatility brings in bearish movements, it is good confirmation that crypto may be ready to set new lows.
We saw a strong resistence at 4100$ we dropped back the candle i have marked is bearish and i dont like it. The 0,236 Fibo Line held as support the last hours but i think we will break down.
The Volume is to low to make it to 4240$, so i think we can make a new low guys.
There are view signs on the weekly chart we are forming another Descending Triangle (the same pattern as we dropped at 6000$.)
BTC trading within 2% ranges for 76 and 60 hours respectively.
if the next series of volatility brings in bearish movements, it is good confirmation that crypto may be ready to set new lows.
We saw a strong resistence at 4100$ we dropped back the candle i have marked is bearish and i dont like it. The 0,236 Fibo Line held as support the last hours but i think we will break down.
The Volume is to low to make it to 4240$, so i think we can make a new low guys.
There are view signs on the weekly chart we are forming another Descending Triangle (the same pattern as we dropped at 6000$.)
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