the blue is MA 200, Green is EMA 200, Red is SMA 200. As you can see it bounced down from the MA 200 and it went below the EMA 200 then it tried to test it but failed and now we are expecting to see a bounce off the SMA 200 in red. As i wrote in my previous chart we will be testing the uptrend and bounce back as this seems to be in line with the SMA 200 and also its in line with the repeating pattern chart i had posted. BTC respects these in order: EMA200, SMA200, MA200. The bottom i am expecting is 7200-7300 then go up from there breaking the ATH.
Note: i am new to crypto so whatever trade you set do you own research.
Note: i am new to crypto so whatever trade you set do you own research.