Hello my friends,
Today i did a TA on BTC, it is a midterm technical analysis, on 12th March 2020, the strongest and the major trendline of BTC broke, It was a 5 Year TrendLine, and according to the chart, BTC price is testing this trendline and at the same time it is facing a 3 year Resistance Band, I think it is a little hard for BTC to break out from RED AREA, from current state
if bitcoin can't survive from red area, it can dump to 6.5K or even lower to 5.2K,
What do you think ? the red path or the green path?
leave your comments, i will update this idea periodically.
Today i did a TA on BTC, it is a midterm technical analysis, on 12th March 2020, the strongest and the major trendline of BTC broke, It was a 5 Year TrendLine, and according to the chart, BTC price is testing this trendline and at the same time it is facing a 3 year Resistance Band, I think it is a little hard for BTC to break out from RED AREA, from current state
if bitcoin can't survive from red area, it can dump to 6.5K or even lower to 5.2K,
What do you think ? the red path or the green path?
leave your comments, i will update this idea periodically.
