The BTC now succumbed to the panic around CORONAVIRUS and has destroyed the long-standing trendline.
At present we can look at 2 scenarios:
If the BTC tests this trendline again and doesn't come back, we will succumb to the descending channel and go even further down to $ 3,000.
BTC resumes and attempts to cross the resistance zone in the coming weeks.
Do not expect rapid purchases, and high volume!
Everything now depends, on what news the world leaders tell us and what the course and impact on the economy will be .
At present we can look at 2 scenarios:
If the BTC tests this trendline again and doesn't come back, we will succumb to the descending channel and go even further down to $ 3,000.
BTC resumes and attempts to cross the resistance zone in the coming weeks.
Do not expect rapid purchases, and high volume!
Everything now depends, on what news the world leaders tell us and what the course and impact on the economy will be .
코멘트:
Weekly Candle Must Be Closed Over $ 5500 (WMA200) to resume climbing up!
코멘트:
We are currently testing trendline again! Be careful
so far it looks like scenario 1.
Breaking through this line, and resulting possible dump to $ 3K
the weekly candle was closed in favor of bears and so the market behaves
if we do not get big and positive news today, we will unfortunately go down.
so far it looks like scenario 1.
Breaking through this line, and resulting possible dump to $ 3K
the weekly candle was closed in favor of bears and so the market behaves
if we do not get big and positive news today, we will unfortunately go down.
코멘트:
the possible bounce Up is right now, in this area around 4500
코멘트:
Trendline would handle the retest and confirm its important role in TA - Bitcoin
코멘트:
Russia is Banning the circulation and issuing of Cryptocurrencies !
Really bad news right now.
ccnews24.net/russia-...of-cryptocurrencies/
Really bad news right now.
ccnews24.net/russia-...of-cryptocurrencies/
코멘트:
it probably affects the direction
코멘트:
btc bounced off the trendline
but we are still in a vulnerable zone
bull volumes are still low compared to bears
but we are still in a vulnerable zone
bull volumes are still low compared to bears