The price came below EMA 50 and bounced off it to go lower. There might be a test of the EMA 200 on the daily chart which might end up bouncing from the golden ratio around 40 cent to reach higher than 69 cent. If Bitcoin retraces lower pre halving (like 32 - 35 K) it is likely that the price reaches 35 - 37 cent before rallying higher. I am also expecting...
8 more weeks till Halving and a proper correction hasn't really taken place and is still due to prepare a path to higher highs and the upcoming Bullrace (we are still in the accumulation area). On the daily we might see a retest of the EMA 200 around 35.000,- Dollar and on the weekly a EMA 200 retest might be possible around 32.000,- EUR.
Hello fellow traders, this is my first idea including a continuation of a detected regression channel. In regard of this idea a repetive test of the lower standard deviation is expected just to get support at the level of 26.000 $ for the final trend reversal. I know i need to learn so much more and if i would have known earlier i would have payed more attention...