The Bulls are Hiding, I know where (BTC)
Updated
Hello traders and holders.
Today i will serve you the truth.
After looking deep i have found two hidden support levels of bitcoin that could set a stop to this bear rampage, it's the price range of 6900-6700.
Coincidentally, the lower price of this range is coinciding with the 500 days of moving average price of bitcoin, which is a significant point, going below this is MA has not happened since the 2014-2015 bear market, so if we were to lose these levels, I'm afraid that 6000 won't hold up either, and this could be some serious signs that we are about to witness a huge bear market in crypto, and it's possible we would see prices like 4700 or lower.
If we take a look at the 1D RSI, we can see that we are very close to oversold levels. Most of the time Bitcoin has recovered at 30 RSI, and in february we actually were in the 25 RSI range before bouncing up.
Tread carefully Bitcoin, or the bulls will give up on you.
Today i will serve you the truth.
After looking deep i have found two hidden support levels of bitcoin that could set a stop to this bear rampage, it's the price range of 6900-6700.
Coincidentally, the lower price of this range is coinciding with the 500 days of moving average price of bitcoin, which is a significant point, going below this is MA has not happened since the 2014-2015 bear market, so if we were to lose these levels, I'm afraid that 6000 won't hold up either, and this could be some serious signs that we are about to witness a huge bear market in crypto, and it's possible we would see prices like 4700 or lower.
If we take a look at the 1D RSI, we can see that we are very close to oversold levels. Most of the time Bitcoin has recovered at 30 RSI, and in february we actually were in the 25 RSI range before bouncing up.
Tread carefully Bitcoin, or the bulls will give up on you.
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Join my public telegram channel:t.me/joinchat/AAAAAEroTOrqsCZghESWeQ
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Morningstar Doji 1D is Printing on EUR chart, i saw similar signs on the lower timeframe on USD so we could very well be setting a bottom now. Remains to see :) Patience is virtue.Note
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hit the reversal and made a jump up, somhow the market feels really weak right now. Big money isn't here yet.Note
I still see us goin sub 7000 for starters. we could end up even lower seen by the weakness of the push from 7kNote
Fractal idea,Note
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