Hi, before I start to talk about BTC and charts I would aprecciate if you could follow, like and give your thoughts about the idea. I did a little break (things got preety bad while I was gone), but for now on I will start to post way more frequently.
BTC broke the 53K support, and recently dropped to 47k. A drop to the 45k area might be a probable scenario since the coin is facing multiple bearish retests. If bitcoin breaks the 51k area in a daily close a pull back to 53k is the most probable scenario. OBV isn't looking so great, and despite having a RSI that shows that the market is undervalued, it seems that investors are looking to see the next BTC move before entering a position.
Comment what you think about the idea.
BTC broke the 53K support, and recently dropped to 47k. A drop to the 45k area might be a probable scenario since the coin is facing multiple bearish retests. If bitcoin breaks the 51k area in a daily close a pull back to 53k is the most probable scenario. OBV isn't looking so great, and despite having a RSI that shows that the market is undervalued, it seems that investors are looking to see the next BTC move before entering a position.
Comment what you think about the idea.