Bitcoin heading down to retest the purple line, prior attempting to break the red downtrend line.
The red downtrend line is based on the weekly chart, so therefor stronger resistance.
When it breaks, the next horizontal line it needs to break is 45.6k, and regain that area before making a big move up.
When BTC hits that purple line, its time to look for altoin entries, and make some good profits.
Happy trading!
The red downtrend line is based on the weekly chart, so therefor stronger resistance.
When it breaks, the next horizontal line it needs to break is 45.6k, and regain that area before making a big move up.
When BTC hits that purple line, its time to look for altoin entries, and make some good profits.
Happy trading!