- Bearish thought:
Daily graph MA50 trend is broken.
Daily graph MA200 is Broken and retested
Daily graph Deathcross in the making.(Can this be avoided?) Don't think so... Pace going to rapidly ... BTC has a lot to work on to avoid a deathcross on the daily graph.
My thoughts:
I think we can have a bounce to the level between 45K - 50K area. If you calculate the Fib golden ratio from the previous high to the low, the ratio creates a resistance level around 51k - 52k.
Be prepared. I don't see this as negative. Just for a new accumulation opportunity.
(I'm just a TA enthusiast, don't take this too seriously. Good luck investing/trading!)
Daily graph MA50 trend is broken.
Daily graph MA200 is Broken and retested
Daily graph Deathcross in the making.(Can this be avoided?) Don't think so... Pace going to rapidly ... BTC has a lot to work on to avoid a deathcross on the daily graph.
My thoughts:
I think we can have a bounce to the level between 45K - 50K area. If you calculate the Fib golden ratio from the previous high to the low, the ratio creates a resistance level around 51k - 52k.
Be prepared. I don't see this as negative. Just for a new accumulation opportunity.
(I'm just a TA enthusiast, don't take this too seriously. Good luck investing/trading!)