BTC is clearly on weekly down-trend, as momentum structure indicated (by red bars, means price is moving under mean values).
This week it's at critical level:
IF BTC is going to turn the weekly downtrend into an uptrend, it must goes up and stay above the orange line (the trend of the momentum).
IF BTC keeps staying below the orange line, it's continuation of weekly down trend.
We may be able to see which direction BTC choose to go in following 1 or 2 weeks.
This week it's at critical level:
IF BTC is going to turn the weekly downtrend into an uptrend, it must goes up and stay above the orange line (the trend of the momentum).
IF BTC keeps staying below the orange line, it's continuation of weekly down trend.
We may be able to see which direction BTC choose to go in following 1 or 2 weeks.