BTC Break down!? And then Bounce!?
Hi Guys!
BTC ready for the move!? What do you think?
As we see on the 1 D chart, some formations are whispering that the move is coming!? As you also see on the declining volume from the break down from 6 K till now.
I am actually pretty neutral at the moment, but at the same time slightly bearish, because of the 200 W MA and the double bottom formation which might play at in the next 48 hours.
The magnet dragging BTC down, but some bulls whales might turn BTC to the upside any moment. As everyone expects lower prices now, a contrarian play is a good idea now.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
BTC ready for the move!? What do you think?
As we see on the 1 D chart, some formations are whispering that the move is coming!? As you also see on the declining volume from the break down from 6 K till now.
I am actually pretty neutral at the moment, but at the same time slightly bearish, because of the 200 W MA and the double bottom formation which might play at in the next 48 hours.
The magnet dragging BTC down, but some bulls whales might turn BTC to the upside any moment. As everyone expects lower prices now, a contrarian play is a good idea now.
Let's see...
Happy and safe trading!
*This is not financial advice, this is only an idea. Do your own research and act on your responsibility.
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