BTC POSSIBLE "W" ON THE 1HR
Hey there crypto pals.
The crypto market has been Ellonized these late few days.
After the dust settles down, i'm trying to figure out what can we expect from the market.
Analyzing solely the graphics, we can see a very positive support around teh 42k.
It rebounced, and had a lower high. If this trend continues we might see this W patter completes.
If it does, we will be paying attention to see if it breaks. Although, at this time, it can go both ways.
Let's wait and see.
I still believe that around the 42 to 45k is a good restacking point.
Good luck and good trades.
The crypto market has been Ellonized these late few days.
After the dust settles down, i'm trying to figure out what can we expect from the market.
Analyzing solely the graphics, we can see a very positive support around teh 42k.
It rebounced, and had a lower high. If this trend continues we might see this W patter completes.
If it does, we will be paying attention to see if it breaks. Although, at this time, it can go both ways.
Let's wait and see.
I still believe that around the 42 to 45k is a good restacking point.
Good luck and good trades.
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