In daily chart BTC is in dwontrend. In 4h timeframe we're currently still in green triangle. If price will go up, we have next, even stronger red trend line. If the price goes down from triangle there should be a pullback to strong support 11275-11300 then go down to next support line (dashed black - 11200). BTC price can bounce from that point or tried to support on 50-day EMA on daily chart. Let's see, but manage smart your money chances to go up pr go down are 50/50. Honestly I don't believe can cross 12000 for now and we need to go definitely to lower as we can see bulls have no power.
Good luck.
Good luck.
Comment:
In 4h timeframe EMA-26 is resistance, in 1h timeframe EMA-26 just became dynamic resistance either. Since bulls wasn't able to take control so far, I become more and more bearish
Comment:
Triangle broken downwards. Next possible support 11k, but I believe next support is rather daily EMA26 which is a little bit below 11k right now
Comment:
Currently price is sitting on EMA-26
Comment:
...and is breaking....next support is around 10500-10300
Comment:
if this price will break next is 9600 I believe, lets see