Hey everyone,
BTC is right at this downtrend line from the recent high around 10,4k. RSI is neutral and not pointing us in any direction. From here there are three possible scenarios.
Green:
BTC continues to be a stable coin for a 2 more days, at which point it will have slipped above the trend line and will see some growth finally. This may start with a slight downtrend as it retests the trend as support before continuing up.
Blue:
BTC tests the bottom support line once more and then finally breaks the trend and continues its upward momentum.
Red:
BTC breaks the bottom support and we see the 8k range again.
Waiting for confirmation to happen over the next 2 day time period. Like if you agree or share your thoughts
BTC is right at this downtrend line from the recent high around 10,4k. RSI is neutral and not pointing us in any direction. From here there are three possible scenarios.
Green:
BTC continues to be a stable coin for a 2 more days, at which point it will have slipped above the trend line and will see some growth finally. This may start with a slight downtrend as it retests the trend as support before continuing up.
Blue:
BTC tests the bottom support line once more and then finally breaks the trend and continues its upward momentum.
Red:
BTC breaks the bottom support and we see the 8k range again.
Waiting for confirmation to happen over the next 2 day time period. Like if you agree or share your thoughts