The price sideways of BTC continues.
The flow is coming out as previously explained in the BTC chart, but unexpectedly, the downside correction of altcoins was unexpected.
The most important support for the current position is at 9617 and the downtrend line.
Break below the downtrend line and expect the downtrend and 50MA support.
Point 9617 is considered a significant support point as it lies above the downtrend line.
As I mentioned in the previous chart explanation, I think it is very likely that we will gain support at 9617 and rise to around 10K.
This trend is likely to continue this week, with big changes expected around February 22 and around February 25.
* Please refer to the chart description by clicking the chart below.
The flow is coming out as previously explained in the BTC chart, but unexpectedly, the downside correction of altcoins was unexpected.
The most important support for the current position is at 9617 and the downtrend line.
Break below the downtrend line and expect the downtrend and 50MA support.
Point 9617 is considered a significant support point as it lies above the downtrend line.
As I mentioned in the previous chart explanation, I think it is very likely that we will gain support at 9617 and rise to around 10K.
This trend is likely to continue this week, with big changes expected around February 22 and around February 25.
* Please refer to the chart description by clicking the chart below.
Comentarios:
Support was broken.
If support is not supported at the downtrend line, a sharp decline is expected.
If support is not supported at the downtrend line, a sharp decline is expected.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
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