This is my interpretation. A quick drop to 6200's zone (a historical support level going back several weeks) for a retest.
If bitcoin makes it through this we may see the capitulation.
I am new to analysis so take this forecast lightly. My opinions are my own.
We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we may drop to 6200.
If i am wrong we may see support at this level or the next down.
If bitcoin makes it through this we may see the capitulation.
I am new to analysis so take this forecast lightly. My opinions are my own.
We are at a crucial support for the 25 bar MA on the 12H chart. If my analysis is correct we may drop to 6200.
If i am wrong we may see support at this level or the next down.
Comment:
Sorry i forgot to turn off the other indicators
Comment:
I think we broke through the resistance and maybe well get an alt coin run