BTC is going to 7.4K
As was predicted even couple of days before, is going down. It finished forming of reversal "Head and Shoulders" pattern and the price dropped again below $9000.
Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue.
Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple rectangle ) and price dropped down. Both EMAs become strong resistances, EMA200 at $9050 and EMA50 at $8800.
MACD also indicates downward trend, and for now there is nothing to indicate rebound, at least in the coming days.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue.
Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple rectangle ) and price dropped down. Both EMAs become strong resistances, EMA200 at $9050 and EMA50 at $8800.
MACD also indicates downward trend, and for now there is nothing to indicate rebound, at least in the coming days.
I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
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