#BTC break down 18.5k support What's next, rally or crash?

9 Nov 2022

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#BTC Update

BTC breakdown 18.5K support and failed in the retest of the descending trendline support, hit the liquidity box with a decent negative volume, and took stops underneath the past low of $17622 after 143days of consolidation above it.

Bulls need to recover 19K support with a good volume for the bullish affirmation in the market. A strong breakdown underneath 17.6K would be the affirmation of a further negative push in the market toward 15K to 14K which could be an expected bottom for BTC.

So let's see how the daily candle closes

Keep an eye on it

Stay tuned

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9 Nov 2022

Catatan

Comment your views in the comment section

9 Nov 2022

Catatan

Is history is going to repeat

9 Nov 2022

Catatan

Let’s see what the indicator says

MACD and Daily RSI are not showing any clear bullish signals in the daily time frame

All moving averages like 50ma, 100ma, 100, are with the bears

Here the trend is bearish, In case if how BTC break this long-term descending channel with conformation, which will be the conformation of the trend reversal

10 Nov 2022

Catatan