- widening, likely to narrow as completes.
- Possible predicting further downward movement.
- Not in Bitcoin but if support levels of 8k broken downwards, expect further movements.
- Personally, 8k seems like prime buying opportunities as trends seem unlikely to move under support levels.
@ 42, if drops below 30, BTC is oversold, and buy areas emerge.
showing new trend breakout marking a bull run. This is short term , trend reversal very possible.