Dangerously down, BTC just broke a support that shouldn't have been broken, it happened yesterday and the only way to come back to up trend is to return to the up channel within 48hrs ! -Now it only remains 36 hrs. Why ? Because many algorithms trade within 2 daily candles in trend, therefore if in 2 days this is not back into the upline, you could expect a deeper low, not seen in 1 or 2 years yet.
Whatsoever, here I put my view, it will be invalidated if in 2 days happens what I said above.
Good luck,
Thor
:)
Whatsoever, here I put my view, it will be invalidated if in 2 days happens what I said above.
Good luck,
Thor
:)
Trade closed: target reached:
30 days later this target is achieved.
Time frame is also accomplished almost perfectly.
Now there is big warning here, if price doesn't hold over 5400, I could see BTC dropping down very low, somewhere around 1500, where the price was in DEC 2016 before all this mess started.
Time frame is also accomplished almost perfectly.
Now there is big warning here, if price doesn't hold over 5400, I could see BTC dropping down very low, somewhere around 1500, where the price was in DEC 2016 before all this mess started.