BTC would could drop below the lower channel wall to 29/28k * BUT* would have to wick back up so not as to close below
the channel wall .
Closing below the channel wall on the daily chart could be a problem as the next support is at 24k
if BTC bounces successfully at this area the target would be the 48k zone.
the channel wall .
Closing below the channel wall on the daily chart could be a problem as the next support is at 24k
if BTC bounces successfully at this area the target would be the 48k zone.
Komentar:
On the weekly chart the MA50 (yellow line ) is also at the 30K area and this should add support to the channel wall .
Komentar:
Something to be aware of is on the weekly the MA13/30 have crossed . The KVO indicator which used volume to predict the markets trend has also broken below its dashed median line.
If the market is bullish the KVO should be above its median line and not below it .
If the market is bullish the KVO should be above its median line and not below it .
Komentar:
When the MA13/30 cross occurs on the weekly Ive seen BTC move back up above it and then move back down and make a lower low . In this current setup If BTC were to move above the MA13/30 it would be to around the 48K mark so lets see if this plays out .