Trend prediction
I see there some possibilities to grow but it's only possible after long time side range.
My statement mounted on the Wall St. Cheat Sheet chart (mostly) and technical analysis made by my own.
I rely on cyclicality of market price moving, and as we can see the price of BTC dropped too much it's also broke the historical support/resistance line (20K) which was psychologically strong.
The price of "bottom" (17.6k) wasn't redeemed rapidly in compare with previous "bottom prices". Looking at that I can conclude next:
1. It is not a bottom yet.
2. There is lack of Interest for both of sides but for buyers more.
3. The trend is going to change but still there is no clear vision for it's direction.
The Market Cap is low; not strong but signs of recession; The war.
The cryptos' isn't something essential for men living thing so better times have to coming, before it grows.
My statement mounted on the Wall St. Cheat Sheet chart (mostly) and technical analysis made by my own.
I rely on cyclicality of market price moving, and as we can see the price of BTC dropped too much it's also broke the historical support/resistance line (20K) which was psychologically strong.
The price of "bottom" (17.6k) wasn't redeemed rapidly in compare with previous "bottom prices". Looking at that I can conclude next:
1. It is not a bottom yet.
2. There is lack of Interest for both of sides but for buyers more.
3. The trend is going to change but still there is no clear vision for it's direction.
The Market Cap is low; not strong but signs of recession; The war.
The cryptos' isn't something essential for men living thing so better times have to coming, before it grows.
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