BTC ... where are we now ...?
Updated
Well, where are we now ...?
Given this dramatic downturn, I suppose at this stage "we have completely succumbed to systematic algebra" but of course Bitcoin is now doomed to a new high.
My personal opinion - We will never see such prices again, as the price is now near the weekly frame time of 200 SMA.
💣 But ... if we keep the pros and cons of Kendall under Weekly 200 SMA, this prediction will come true ...
🔵 At the time of this release, the price has fallen slightly above10% to $ 4900, but the long Dodge Chart in the daily chart shows traders are uncertain about the direction the price is heading.
The lack of strong purchasing volume and the random relative strength index and the increase in negative momentum indicate that traders are not ready to buy under any pressure.
Bitcoin fell to $ 4679 from $ 5,500 and $ 5,200 support, and if the correction continues, the last point of defense is $ 4030. Below this level, bitcoin is unlikely to touch $ 3,000 and touch the lowest rate again ...
Given this dramatic downturn, I suppose at this stage "we have completely succumbed to systematic algebra" but of course Bitcoin is now doomed to a new high.
My personal opinion - We will never see such prices again, as the price is now near the weekly frame time of 200 SMA.
💣 But ... if we keep the pros and cons of Kendall under Weekly 200 SMA, this prediction will come true ...
🔵 At the time of this release, the price has fallen slightly above10% to $ 4900, but the long Dodge Chart in the daily chart shows traders are uncertain about the direction the price is heading.
The lack of strong purchasing volume and the random relative strength index and the increase in negative momentum indicate that traders are not ready to buy under any pressure.
Bitcoin fell to $ 4679 from $ 5,500 and $ 5,200 support, and if the correction continues, the last point of defense is $ 4030. Below this level, bitcoin is unlikely to touch $ 3,000 and touch the lowest rate again ...
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As expected, Bitcoin fell to about 20% and moved towards the futures price gap. It is expected to continue its bull movement in the medium term after the price rebound on the enclosed triangle with the support of buyers.
Note
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