What goes up must come down (aftermath of a "failed" fork)
A picture is worth a thousand words...
If history repeats itself, maybe we'll see
BTCUSD
going down to the area marked with the red rectangle.
On the 4H chart, BTC is already touching the near-term uptrend that started on October 24th, and just 100 dollars away from the MA100. It it breaks those levels, a bigger fall seems likely.
Let's see what happens!
If history repeats itself, maybe we'll see
BTCUSD
going down to the area marked with the red rectangle. On the 4H chart, BTC is already touching the near-term uptrend that started on October 24th, and just 100 dollars away from the MA100. It it breaks those levels, a bigger fall seems likely.
Let's see what happens!
Kommentera:
$ 6380 @ 13:00 UTC. We are 19% down from the ATH.
Kommentera:
Chronicle of a fall foretold
Kommentera:
$ 5850 @ 5.50 UTC. We are more than $ 2000 down from the ATH (- 26%).
The price has fallen below the MA200 level, and it seems that the fall will continue as expected.
The price has fallen below the MA200 level, and it seems that the fall will continue as expected.
If we have another red candle closing below the MA100 on the 4H chart, the price might continue falling to the $ 6200 level (older uptrend) and then to $ 5800.