Hello all and good evening!
This is perhaps the most important time in BTC history! The next 3 days should provide us our answer! If BTC breaks below this marked area - Which is the 100% retrace level just like LTC just hit!- I personally believe cryptocurrencies will be in HUGE trouble. If we look at the chart, for the last few weeks to a month there has been a down channel leading to the 21 W exponential moving average. This average is the deciding factor for this current market condition and whether we see the continuation to the upside or a complete breakdown to $6,000 or lower! I believe these downward sloping patterns will play out to the upside and we will see the bull market continue!
Let me know what you think about these volatile times!
Remember this is only my opinion! I am not a licensed financial advisor!
This is perhaps the most important time in BTC history! The next 3 days should provide us our answer! If BTC breaks below this marked area - Which is the 100% retrace level just like LTC just hit!- I personally believe cryptocurrencies will be in HUGE trouble. If we look at the chart, for the last few weeks to a month there has been a down channel leading to the 21 W exponential moving average. This average is the deciding factor for this current market condition and whether we see the continuation to the upside or a complete breakdown to $6,000 or lower! I believe these downward sloping patterns will play out to the upside and we will see the bull market continue!
Let me know what you think about these volatile times!
Remember this is only my opinion! I am not a licensed financial advisor!