A quick update on BTC's next moves.
At the moment I see two scenarios, one in red that shows the continuity of the downward movement until the support of 39K and the other with a milder fall to the level of 44K opening a path for a test at the historic top.
The Price Control Point is at 47k, at the time of writing the price is below it.
Despite not appearing on the chart, the price is also below the Ichimoku Cloud and its averages, which indicates that at the moment we have a lot of resistance to the high return, so the downward trend may continue for a while longer.
Weis Waves also forms a bearish wave, although small, which reinforces the theory of continuity of the bearish movement, which generates a divergence when compared with the WT_CROSS indicator which at the moment indicates bullish movement. However, it is worth mentioning that we have more evidence of low continuity than a high return.
I remember that this is my opinion and the decision of whether or not to enter into an operation is now up to each one, so this is not a financial advice.
The Price Control Point is at 47k, at the time of writing the price is below it.
Despite not appearing on the chart, the price is also below the Ichimoku Cloud and its averages, which indicates that at the moment we have a lot of resistance to the high return, so the downward trend may continue for a while longer.
Weis Waves also forms a bearish wave, although small, which reinforces the theory of continuity of the bearish movement, which generates a divergence when compared with the WT_CROSS indicator which at the moment indicates bullish movement. However, it is worth mentioning that we have more evidence of low continuity than a high return.
I remember that this is my opinion and the decision of whether or not to enter into an operation is now up to each one, so this is not a financial advice.
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