Bitcoin expectations in the medium term. Ethereum in line of foc
We are at an important point that could decide if BTC 1.57% sinks even more, up to $ 4300 as a minimum, or hit a spurt up to $ 7600, that break could burst the market upward.
You can see the triangle in red. This is a continuation of the trend that, according to the theory, commonly breaks up.
With a stochastic process label, the rebound should occur at $ 6000 or on the same line around $ 5850. In the weekly is in oversold area and marking rise, in the newspaper falling but entering and oversold area in minorities is overbought, in conclusion, there should be a last fall to $ 6000 -5850 and give a rebound followed from a very good rally to the upside that could take the price to the top of the triangle for the $ 7600 and ... then the situation would change, the possibility of breaking up that would exist and reach this point could burst the upward market.
If the rebound occurred from $ 5850, a double-floor formation could occur if it later exceeded $ 6850, which would easily boost those $ 7600. But for this to happen, we have to overcome many obstacles like the EMA50 (fast moving average) of the daily chart precisely at $ 6830 at this time and that could prevent both that double-ground formation from being completed as well as any ascension attempt.
To finish, say that if in the lower part of this triangle there is a break down, the fall could bring the price up to $ 4300. We still wait for news because the market is changing and we must take into account the commercial war and the system that is applied.
You can see the triangle in red. This is a continuation of the trend that, according to the theory, commonly breaks up.
With a stochastic process label, the rebound should occur at $ 6000 or on the same line around $ 5850. In the weekly is in oversold area and marking rise, in the newspaper falling but entering and oversold area in minorities is overbought, in conclusion, there should be a last fall to $ 6000 -5850 and give a rebound followed from a very good rally to the upside that could take the price to the top of the triangle for the $ 7600 and ... then the situation would change, the possibility of breaking up that would exist and reach this point could burst the upward market.
If the rebound occurred from $ 5850, a double-floor formation could occur if it later exceeded $ 6850, which would easily boost those $ 7600. But for this to happen, we have to overcome many obstacles like the EMA50 (fast moving average) of the daily chart precisely at $ 6830 at this time and that could prevent both that double-ground formation from being completed as well as any ascension attempt.
To finish, say that if in the lower part of this triangle there is a break down, the fall could bring the price up to $ 4300. We still wait for news because the market is changing and we must take into account the commercial war and the system that is applied.