In this chart I don't advise buying or selling a coin, but rather informing you what ways btc can go in the near future so you could make the right moves when the time comes.
If btc breaks the downtrend upwards (red triangle arrow), we will see bullish action taking place up to potentially 32k.
Breaking the current uptrend downwards (green triangle arrow) would make 10500+- our next stop (could stop at 13k, but the support isn't as strong there) and do a reversal.
Breaking the first long-term trend would signal a market crash, every cryptocoin will be going down by major amounts.
If you agree with this chart, don't forget to leave a like and follow for more TA's!
If btc breaks the downtrend upwards (red triangle arrow), we will see bullish action taking place up to potentially 32k.
Breaking the current uptrend downwards (green triangle arrow) would make 10500+- our next stop (could stop at 13k, but the support isn't as strong there) and do a reversal.
Breaking the first long-term trend would signal a market crash, every cryptocoin will be going down by major amounts.
If you agree with this chart, don't forget to leave a like and follow for more TA's!
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Update:
Bounced off the trendline ideally, let's see how we go from here.
Bounced off the trendline ideally, let's see how we go from here.
Bounced back from the current trend (green arrow) , potential jump to 16k can happen.