-Double top has formed and confirmed
- high sell volume
- necessary retest of 6k would mean double bottom formation, people will be more confident to buy it at this price, then the rally starts again.
Remember that mining 1bitcoin costs 6k, I think it is true bottom.
Yellow channel is also possible, personally I would prefer going down to 6k as a retest and then up, trading inside yellow channel now is hazardous as it just started to form.
Learning don't invest.
- high sell volume
- necessary retest of 6k would mean double bottom formation, people will be more confident to buy it at this price, then the rally starts again.
Remember that mining 1bitcoin costs 6k, I think it is true bottom.
Yellow channel is also possible, personally I would prefer going down to 6k as a retest and then up, trading inside yellow channel now is hazardous as it just started to form.
Learning don't invest.
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and we are going back to this idea.
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We are heading in the right direction :), down
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Bitcoin is moving with green resistance line. AS we can see it jumped exactly from predicted yellow lvl, then went down, and now it is happening second time, So we have small pullback up, but without braking the violet line, the most probable scenario is that it will go down to 6 000, and then start new uptrend. I woudn't invest now.
6 000 is my lvl of investment or breaking the violet line.
Breaking below 6 000 look up head and shoulders formation I don't believe it is going to happen.
Bitcoin is moving with green resistance line. AS we can see it jumped exactly from predicted yellow lvl, then went down, and now it is happening second time, So we have small pullback up, but without braking the violet line, the most probable scenario is that it will go down to 6 000, and then start new uptrend. I woudn't invest now.
6 000 is my lvl of investment or breaking the violet line.
Breaking below 6 000 look up head and shoulders formation I don't believe it is going to happen.
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breaking the violet line doesn't necessary mean new uptrend it also can be consolidation in yellow channel, consolidation is good time to invest in other altcoins.