Hey Guys and Girls,
BTC is about to get hot...
Here in the Daychart, you can see the big triangle Patter which has formed since the big wave at the end of last year.
Next Support is around 7.2k on the bottom of this triangle pattern, the RSI moved also to the oversell zone, so i think we bounce from there(pink arrow). But we has to eliminate the 200 Days EMA and the top line of the triangle patter above us. If we broke both of them in the Daychart, i think its possible we can go to test 10k and 11.5k area.
If we cant hold 7.2k and we broke the triangle patter downside, a freefall to around 6k (redline) or even lower to the violet line at around 4.5k can happen easely.
Best Regards K
BTC is about to get hot...
Here in the Daychart, you can see the big triangle Patter which has formed since the big wave at the end of last year.
Next Support is around 7.2k on the bottom of this triangle pattern, the RSI moved also to the oversell zone, so i think we bounce from there(pink arrow). But we has to eliminate the 200 Days EMA and the top line of the triangle patter above us. If we broke both of them in the Daychart, i think its possible we can go to test 10k and 11.5k area.
If we cant hold 7.2k and we broke the triangle patter downside, a freefall to around 6k (redline) or even lower to the violet line at around 4.5k can happen easely.
Best Regards K