BTC is showing bearish signs as it has reversed on 2 bear shark patterns. Now is the moment of truth as we sit between a possible reversal or a dump. The only think holding price stable is the support line (blue). If BTC price action remains below red line and goes below blue support- expect lower prices. If the price goes above the support and establishes price support above the green line- then we shall be a bit more bullish (at least for the short term). Anything in yellow area is a no trade zone (for me).
Right now we have been rejecting the possibilities of maintaining support, but market has not conceded giving up yet. Could be a hard rally- may be a hard dump.. this is why its a no trade zone for me. Set you alarms for a move either way. I have a feeling it will recover , but it needs to prove it versus going off intuition and feelings.
Right now we have been rejecting the possibilities of maintaining support, but market has not conceded giving up yet. Could be a hard rally- may be a hard dump.. this is why its a no trade zone for me. Set you alarms for a move either way. I have a feeling it will recover , but it needs to prove it versus going off intuition and feelings.
Moorsc0de aka Crypt0nomics aka Zaphkiel
