Catastrophe ahead?
-In a previous analysis, prices were considered to retest the 19.8K region as well as the long average of the daily chart. A priori, this is exactly what happened!
-For the next few days we have the long average served as support for prices, where we can see attempts of rebounds up to the region of 22.1K. If prices fail to stay above this level, it will unfortunately open up grounds for us to have a test in the 18.1K region.
-If prices do not respect the 18.1K region, it is wiser to expect us to aim for the 16.8K region
-On the weekly chart we have prices losing the long average (a bad sign) as well as having a symmetry of daily and weekly targets. Will we see a catastrophe soon for BTC?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other analysis!
-For the next few days we have the long average served as support for prices, where we can see attempts of rebounds up to the region of 22.1K. If prices fail to stay above this level, it will unfortunately open up grounds for us to have a test in the 18.1K region.
-If prices do not respect the 18.1K region, it is wiser to expect us to aim for the 16.8K region
-On the weekly chart we have prices losing the long average (a bad sign) as well as having a symmetry of daily and weekly targets. Will we see a catastrophe soon for BTC?
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other analysis!
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