Only $BTC chart you will need
Clearly labels all support and resistances + support and resistance zones
support (black line)
resistance (redlines)
Critical support zone: If this level breaks we will see 16-20k
Critical resistance zone: If this level breaks we will see new ATH for BTC and the bull run will be restarted
We are currently in-between the major support and resistance zone, in this zone we expect volatility as the price finds its perceived low value holding above the critical support to confirm the bottom or breaking below to confirm the perceived value is lower.
After the recent move up we are seeing more and more possible signs indicating this is infact the bottom especial on the smaller time frames (<few days) on the weekly and monthly we are still seeing bearish indicators.
With this being said we will remain captious as the down side is still -50% while the upside to the bottom of the critical resistance zone is 14%
We need a few more candles to get a better prediction
Clearly labels all support and resistances + support and resistance zones
support (black line)
resistance (redlines)
Critical support zone: If this level breaks we will see 16-20k
Critical resistance zone: If this level breaks we will see new ATH for BTC and the bull run will be restarted
We are currently in-between the major support and resistance zone, in this zone we expect volatility as the price finds its perceived low value holding above the critical support to confirm the bottom or breaking below to confirm the perceived value is lower.
After the recent move up we are seeing more and more possible signs indicating this is infact the bottom especial on the smaller time frames (<few days) on the weekly and monthly we are still seeing bearish indicators.
With this being said we will remain captious as the down side is still -50% while the upside to the bottom of the critical resistance zone is 14%
We need a few more candles to get a better prediction