Blue colored trend line - is a which comes from 2017 and now it passes at the area of 7500$-7700$, also there is located Murray's level at 7500$ and a bit lower EMA55 at 6900$.
BTC wont fall down directly to 5000$, so when we it finally reaches 5k$ value you can buy BTC using all USDT you have.
Red colored trend line - is a which comes from 2016 and now it passes at the area of 5000$-4500$, also there is located VERY STRONG LEVEL Murray's level at 5000$, which is located between to strong EMA89 and EMA100.
AT THE END WE HAVE THE NEXT OPTIONS:
BTC will reverse and bounce up from current level till 10000$ to the lower border of Ichi cloud which is marked with green color, but also there is a chance that price reaches 7500$ with candlewick.
What will happen next we will see when BTC reaches Ichi border.
BTC will bounce to less distance from current level and whales dumping the price to 5500$-4500$ (as we wrote about it several days ago). And from this are there will be consolidation or fast reversal starts.
WE DONT EXPECT THAT BTC WILL DROP DOWN LOWER THAN RED , otherwise all alts will be fucked up
You can find trading recommendations on my Premium channel on telegram.
Join now and start trading with us!