Hey guys! Bitcoin is playing in a very tight range at the moment in downtrend channel of larger term.
Looking at the chart, red line worked as a support line in downtrend.
If 9800 price line breaks downs with good volume, it means no buyers at that level again, so very high probability to test 9500~9200.
I will short when it breaks down above price.
If BTC breaks up 10660, I will be buyer.
Looking at the chart, red line worked as a support line in downtrend.
If 9800 price line breaks downs with good volume, it means no buyers at that level again, so very high probability to test 9500~9200.
I will short when it breaks down above price.
If BTC breaks up 10660, I will be buyer.
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Head & Shoulder patterning I think.
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Total market cap!!! Decision point now. Volume is the king!
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RSI support line is not broken yet. So can't say will dump soon...
Price could consolidate more and ranging market.
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It seems blue line is strong support line. I am preparing setup swing LONg or SHORT.
Market is nearing at decision position
Market is nearing at decision position
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BTC dominance is definitely bullish!
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Finally it's broken.
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