Crazy chart, it's really hell's crypto. I want to apologise for my past TAs, I expected the price will grow small steps and I betted against Bears for financial reasons/trade indicators. That's why so important to set a stop-loss.
Now I want to discuss about the new 3day session that starts tomorrow. If we look at the card we can see only one support line(200EMA) that might not withstand pressure from the downtrend. If it happens the new lows is guaranteed.
My decision was based on the altcoins market, all coins are trading at oversold territory and I expected to see a higher correction before creating its uptrend that could be a catalyst for Bitcoin price.
As well the recent free-fall of the Bitcoin is an “aberration” and the currency will correct itself soon once the outflows get contained, but the main downtrend on the 1M TF might continue to fall to the support line.
Howbeit the price is always come back to ATH.
Like/Comments. Yes, please. :)
Now I want to discuss about the new 3day session that starts tomorrow. If we look at the card we can see only one support line(200EMA) that might not withstand pressure from the downtrend. If it happens the new lows is guaranteed.
My decision was based on the altcoins market, all coins are trading at oversold territory and I expected to see a higher correction before creating its uptrend that could be a catalyst for Bitcoin price.
As well the recent free-fall of the Bitcoin is an “aberration” and the currency will correct itself soon once the outflows get contained, but the main downtrend on the 1M TF might continue to fall to the support line.
Howbeit the price is always come back to ATH.
Like/Comments. Yes, please. :)