Hi guys!
Seems my previous warn about upcoming downtrend is coming true.
The only mistake is that dip was delayed a bit, than I have expected. (Posted about it on my telegram channel)
Before starting would like to clarify several points on my TA:
Two red lines are upper borders of local and global downtrend channels.
Green line is a lower border of local uptrend channel.
Yellow line is a level which was appeared on D1 TF by EMA200 and held rising of BTC.
So, what we have for now:
1. BTC broke through the upper border global downtrend channel, but couldnt consolidate there and fell down back to inside of the global downtrend channel.
2. Then BTC broke through the lower border of local uptrend channel and created new local downtrend channel.
3. Today BTC tried to break through the upper border of local downtrend channel, but with no chance and now its going down.
And for now I dont see any strong support levels before 8200$. Maybe 9000$ can reflect BTC up, but it will only delay the further falling.
Also there is some small chance that BTC can rise till 10000$ one more time.
Join my telegram channel to get more TA and signals by crypto: t.me/CCInsider
Seems my previous warn about upcoming downtrend is coming true.
The only mistake is that dip was delayed a bit, than I have expected. (Posted about it on my telegram channel)
Before starting would like to clarify several points on my TA:
Two red lines are upper borders of local and global downtrend channels.
Green line is a lower border of local uptrend channel.
Yellow line is a level which was appeared on D1 TF by EMA200 and held rising of BTC.
So, what we have for now:
1. BTC broke through the upper border global downtrend channel, but couldnt consolidate there and fell down back to inside of the global downtrend channel.
2. Then BTC broke through the lower border of local uptrend channel and created new local downtrend channel.
3. Today BTC tried to break through the upper border of local downtrend channel, but with no chance and now its going down.
And for now I dont see any strong support levels before 8200$. Maybe 9000$ can reflect BTC up, but it will only delay the further falling.
Also there is some small chance that BTC can rise till 10000$ one more time.
Join my telegram channel to get more TA and signals by crypto: t.me/CCInsider