BTC tested (again!) the 9.1~9.3k support zone - and then went up. We saw a median volume and a good size candle (compare the size of the red candles with the green candles on the daily chart in the last weeks).
Right now, BTC is testing the resistance of the Downtrend line 1. A failure to break to break through this resistance will send the price back to the 9.1~9.3k support zone. This zone is a strong support zone and I recommend you to draw in your chart and to monitore moviments around this zone.
In another chart, I wrote about a Head and Shoulder pattern being developed. Following that analysis, if BTC loses the 9.1~9.3k support, the we will see a a deep price drop.
Right now, BTC is testing the resistance of the Downtrend line 1. A failure to break to break through this resistance will send the price back to the 9.1~9.3k support zone. This zone is a strong support zone and I recommend you to draw in your chart and to monitore moviments around this zone.
In another chart, I wrote about a Head and Shoulder pattern being developed. Following that analysis, if BTC loses the 9.1~9.3k support, the we will see a a deep price drop.
