Hello friends and fellows;
I hope you are all doing well;
BTCUSD
broke the downtrend line (The gold one) and made a nice bull candle. It did it after being stuck in the non-trade zone area for many weeks. I consider this move as the first sign of changing the bear market into a bull one but there is a long way ahead as it seems!
The new candle is bearish and the previous one is a dogi. So we may better expect a retracement to 8200-8400.
If it tests the back of that downtrend line as support and finds nice volume, we may encounter a bull run to higher levels like 10100. Otherwise next downward move will appear that can take us to 5800.
The last possibility is to ascend to 10000 right from here that has the least chance.
Hope you all experience shiny days full of profits...
I hope you are all doing well;
BTCUSD
broke the downtrend line (The gold one) and made a nice bull candle. It did it after being stuck in the non-trade zone area for many weeks. I consider this move as the first sign of changing the bear market into a bull one but there is a long way ahead as it seems! The new candle is bearish and the previous one is a dogi. So we may better expect a retracement to 8200-8400.
If it tests the back of that downtrend line as support and finds nice volume, we may encounter a bull run to higher levels like 10100. Otherwise next downward move will appear that can take us to 5800.
The last possibility is to ascend to 10000 right from here that has the least chance.
Hope you all experience shiny days full of profits...