When would be the next drop on BTCUSD? Analysis progress.
We're expecting a downfall on BTC to 35 000$
As of right now price is slowly approaching it.
Yesterday we also had a confirmation on the H1 timeframe when price pushed down and it broke below a previous low.
We could use this as our first confirmation and a beginning of a downside move.
Because the breakout isn't that strong and it looks like this move is losing strength, we might actually see another move up to 43 000 before the next drop.
We wouldn't recommend buying at current price levels.
There will be selling opportunities around the 43 000 level or after a break and re-test of previous low.
You can follow the progress in our daily analysis here!
Like and comment to support us!
As of right now price is slowly approaching it.
Yesterday we also had a confirmation on the H1 timeframe when price pushed down and it broke below a previous low.
We could use this as our first confirmation and a beginning of a downside move.
Because the breakout isn't that strong and it looks like this move is losing strength, we might actually see another move up to 43 000 before the next drop.
We wouldn't recommend buying at current price levels.
There will be selling opportunities around the 43 000 level or after a break and re-test of previous low.
You can follow the progress in our daily analysis here!
Like and comment to support us!
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