BTC D1 TF
Blue colored trend line - is a trend line 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 trend line 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$, which is located between to strong EMA89 and EMA100.
AT THE END WE HAVE THE NEXT OPTIONS:
Option 1:
BTC will reverse and bounce up from current level till 10000$ 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.
Option 2:
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 TREND LINE, otherwise all alts will be fucked up
TRADING RECOMMENDATIONS
You can find trading recommendations on my Premium channel on telegram.
Join now and start trading with us!
Blue colored trend line - is a trend line 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 trend line 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$, which is located between to strong EMA89 and EMA100.
AT THE END WE HAVE THE NEXT OPTIONS:
Option 1:
BTC will reverse and bounce up from current level till 10000$ 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.
Option 2:
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 TREND LINE, otherwise all alts will be fucked up
TRADING RECOMMENDATIONS
You can find trading recommendations on my Premium channel on telegram.
Join now and start trading with us!