It's tough days for BTCUSDT and it's HODLers. But a good oportunity for those who want to buy at cheap prices.
Technically speaking it's inside a falling wedge reaching its final days, and the value should break up towards the 50% or 23.6% fib retracement again soon.
However the rupture of the 200 EMA allways been repected untill now (to be confirmed with todays close price), the 78.6% retracement (to be confirmed too) and the up trend line (formed between september and november minimums) supports is not good news for BTC, making it potentially head till the $5400-$6400 zone.
Good luck everybody!
Technically speaking it's inside a falling wedge reaching its final days, and the value should break up towards the 50% or 23.6% fib retracement again soon.
However the rupture of the 200 EMA allways been repected untill now (to be confirmed with todays close price), the 78.6% retracement (to be confirmed too) and the up trend line (formed between september and november minimums) supports is not good news for BTC, making it potentially head till the $5400-$6400 zone.
Good luck everybody!
- 200EMA
- Up trend line
- the fib 78.6% retracement line
plus it broke downwards the falling wedge.
Unless a clear strong close signal or bounce due to some good news for the value, next support would be around the 100% fib retracement level at $5400.
Good luck everybody.