Seems like a double bottom is about to happen. First of all as can be seen on 19 Dec there was a Bearish Divergence which push the market 50% higher. This time it is happening again. In one hour chart we can see a small double bottom and a bearish divergence. Also in the big picture ( Daily chart ) it is clear that if this small double bottom happen it would...
I think everything is clear. According to the market trend in my opinion there are two main scenarios. 1st If FIL is able to break the resistance line we can expect an increase up to the next level which is around 220 2nd Otherwise we can have a reduction until the lower support zone, to retest. Time frame 3D
According to the market behavior, in my opinion, we will have a drop of around 0.086~0.087 which is a good point to enter. After there are two scenarios. 1st. According to the bullish market and the increasing amount of market cap, a benefit of 10% (0.096~0.099) can be reached. 2nd. The is the possibility that the price goes down from the aforementioned amount in...
1st scenario: If it can break the resistance line It has the potential to increase up to around 240. 2nd scenario: In case it cannot break the line it may go lower than the current support line (strong support). In my opinion, this is less likely to happen since BTC is currently is in a steady-state (will not reduce more and may increase beyond 70k). This is...