Bitcoin is in ranged move between...
Updated
Hi everyone
BTC price stopped dropping below the yellow trend line as I expected in my last update.
now we can expect a limited move upward to touch the long term trend line (blue) again to
complete a M pattern, after that may drop towards our mid term trend line(yellow) one more time.
so seems price trapped between this two important lines for a while.
as I mentioned in my last BTC publish technically BTC must be bullish but if any abnormal happening
occur through the market all market will drop again so...
dropping below the yellow trend line and 39000$ support level is bearish. Lets see
Enjoy the market
BTC price stopped dropping below the yellow trend line as I expected in my last update.
now we can expect a limited move upward to touch the long term trend line (blue) again to
complete a M pattern, after that may drop towards our mid term trend line(yellow) one more time.
so seems price trapped between this two important lines for a while.
as I mentioned in my last BTC publish technically BTC must be bullish but if any abnormal happening
occur through the market all market will drop again so...
dropping below the yellow trend line and 39000$ support level is bearish. Lets see
Enjoy the market
Trade closed: stop reached
stop hit so need to stop buy trading unless move back above our yellow trend lineor above 39K resistant level again.
Note
important support levels.
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