DELICATE MOMENT.
In these moments with a Totalmarketcap that is at a crucial point like this I think the best thing is to look.
We are still in the bullish channel which gives us hope for a recovery, but as you can see there is a really perfect head and shoulders that is in the making and it would be confirmed if we hit the 2 trillion mark.
To date the 9 period fast moving average has crossed the 21 down on the daily but we have an important support and it is the 200 MA and it would be bad if it breaks because in addition to becoming a resistance we would probably confirm this big head and shoulders which would lead to a probable beginning of a period of the Bear.
Should a Bear period ever begin, the first valid support would be around 1.7 trillion and you can understand at what prices we could review BTC, easily below 40k.
We will see!!!
What do you think?
In these moments with a Totalmarketcap that is at a crucial point like this I think the best thing is to look.
We are still in the bullish channel which gives us hope for a recovery, but as you can see there is a really perfect head and shoulders that is in the making and it would be confirmed if we hit the 2 trillion mark.
To date the 9 period fast moving average has crossed the 21 down on the daily but we have an important support and it is the 200 MA and it would be bad if it breaks because in addition to becoming a resistance we would probably confirm this big head and shoulders which would lead to a probable beginning of a period of the Bear.
Should a Bear period ever begin, the first valid support would be around 1.7 trillion and you can understand at what prices we could review BTC, easily below 40k.
We will see!!!
What do you think?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.