BTC expected path to entering into BULL market going down first
Some dots into the analysis:
- the price is moving in the highest part of the uptrend (with higher highs and higher lows) currently
- So far, SMA400 is acting as resistant
- I'm expecting that between 6050 and 6200 USD we have a lot of buy orders waiting, that mean short sell orders can be triggered in that zone eventually
- Due to that the price would go down reaching the price between 4400 - 4100 and hitting SMA200
- the price is moving in the highest part of the uptrend (with higher highs and higher lows) currently
- So far, SMA400 is acting as resistant
- I'm expecting that between 6050 and 6200 USD we have a lot of buy orders waiting, that mean short sell orders can be triggered in that zone eventually
- Due to that the price would go down reaching the price between 4400 - 4100 and hitting SMA200