shown in the chart will be 2 boxes , blue and red. Blue denotes a strong bullish expansion week, and thereafter price consolidated for 5 weeks. The chart pattern looks to be distributive in nature, and it is confirmed with a bearish expansion week. Right now price is back at the neckline. I will like to see this as a retest of this distributive strucuture and look...
Support became resistance. If this keeps going, we will face the <600s in a few days. But keep in mind that 600 will be a natural resistance line. Like the 550 and 500. I am pretty sure that we will meet at 450 again. Proof me wrong because I am still owning Bitcoins. Bought them, when one was worth around 50-90 EUR.
I try to get in a short entry position while...