Description: I have drawn a possible scenario how the price moment can go. You may not like my reasons or think it is logical but I'll explain my thoughts.
Current: Price is hovering around 6,6k and there seems to be low volume of buyers. I think we will retest previous support level 5k.
1. Price will fall downwards towards around 5k level within 3 days.
A drop below support level (5) may occur after each of these steps:
-
2. Price will go upwards and try the new resistance level (50 EMA, 4H, Green line, At that time). Low volume, resistance, price movement upwards.
3. Low volume, resistance, slow price movement upwards will indicate a downfall for the price.
4. The price will go up again to test the resistance level again (50 EMA, 4H, Green line, At that time).
-
5. Failure to break or low volume, resistance, slow price movement will indicate a downfall to next low. Possible around 4k area.
6. Price will go up again and a possible bulls trap will be laid around 5k area.
7. Price drops to 3k and from there, we will see a healthy BTC again.
8. Upwards.
How to know: Slow price movement upwards, low volume on 4h, restesting resistance lines (Green 50 EMA).
This pattern looks the same as a bubble crash pattern if you look it up on google.
Note: This is a prediction for a long period of time. Signals can always change in the end so don't trust 100%. This is probability prediction.
Current: Price is hovering around 6,6k and there seems to be low volume of buyers. I think we will retest previous support level 5k.
1. Price will fall downwards towards around 5k level within 3 days.
A drop below support level (5) may occur after each of these steps:
-
2. Price will go upwards and try the new resistance level (50 EMA, 4H, Green line, At that time). Low volume, resistance, price movement upwards.
3. Low volume, resistance, slow price movement upwards will indicate a downfall for the price.
4. The price will go up again to test the resistance level again (50 EMA, 4H, Green line, At that time).
-
5. Failure to break or low volume, resistance, slow price movement will indicate a downfall to next low. Possible around 4k area.
6. Price will go up again and a possible bulls trap will be laid around 5k area.
7. Price drops to 3k and from there, we will see a healthy BTC again.
8. Upwards.
How to know: Slow price movement upwards, low volume on 4h, restesting resistance lines (Green 50 EMA).
This pattern looks the same as a bubble crash pattern if you look it up on google.
Note: This is a prediction for a long period of time. Signals can always change in the end so don't trust 100%. This is probability prediction.
评论:
We can see here that the price closed exactly on the 50 EMA. Low volume from buyers still. It may still drop down. In 4 hours, if a cross is being made then we can see a uptrend for a while. Price will probably bounce between this area for a couple of hours more.
评论:
Bulls are still fighting bears. At the moment, bears have upper hand. 4H candle closed underneath the 50 EMA line which could indicate a fall within next hours.
交易手动结束:
The MACD has been crossed. I see a bullish trend upwards for a while!
评论:
The battle is ongoing until the price closes above 7500 resistance.