Good afternoon dear Traders! I hope you are doing great during this red day…
Here is my BTC Chart Update:
Bitcoin is currently breaking the 10 270 $ support. (Indicated in yellow)
I also drew another support located at 10 000 $.
It looks like BTC is now in an ascending triangle!
This can be good or bad news.
Usually ascending triangles lead to a downtrend…
But sometimes they lead to an uptrend, so let’s pray for Bitcoin!
The MACD and the RSI are very low, that’s good news because this means that it will be «difficult» for Bitcoin to go lower.
BTC also touched the down line of the Bollinger Bands.
I really hope that Bitcoin will not go lower then 10 000 $ because this is a big psychological resistance. It would be difficult to go again above the 10 000 $…
Maxime Desalle
Here is my BTC Chart Update:
Bitcoin is currently breaking the 10 270 $ support. (Indicated in yellow)
I also drew another support located at 10 000 $.
It looks like BTC is now in an ascending triangle!
This can be good or bad news.
Usually ascending triangles lead to a downtrend…
But sometimes they lead to an uptrend, so let’s pray for Bitcoin!
The MACD and the RSI are very low, that’s good news because this means that it will be «difficult» for Bitcoin to go lower.
BTC also touched the down line of the Bollinger Bands.
I really hope that Bitcoin will not go lower then 10 000 $ because this is a big psychological resistance. It would be difficult to go again above the 10 000 $…
Maxime Desalle