The Bear Still live - $BTC $Bitcoin #Bitcoin #crypto
I'll try to be direct. $ BTC broke all resistances virtually uncorrected several weeks ago. There's a problem with that. The resistances have not been confirmed as supports and this "weakens" the movement upwards, besides making it increasingly dangerous. Notice how the EMA's of 100 and 200 were broken easily and relate to what I explained above.
I sincerely await correction after some of the resistances drawn horizontally in black. Recalling that 6k is the basis of Bear's downward triangle last year. I find it VERY unlikely that BTC will be able to break this resistance without a good correction and several attempts. Remember that the stronger a support in the past, the stronger the resistance will be.
And that gray line sloping? When / if it is below it, the EMAs are likely to be the next supports.
See ya friends
I sincerely await correction after some of the resistances drawn horizontally in black. Recalling that 6k is the basis of Bear's downward triangle last year. I find it VERY unlikely that BTC will be able to break this resistance without a good correction and several attempts. Remember that the stronger a support in the past, the stronger the resistance will be.
And that gray line sloping? When / if it is below it, the EMAs are likely to be the next supports.
See ya friends
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To the target, sir, please.