We broke down below the 100MA weekly and below the support at 7700, we might wick back up but it seems to be going down more!
On the 1h it looks like another down trend is forming, we haven’t touched lower yet to create a new higher low, but I think it could look like this.
RSI in intra day look to be broken, bulls can’t push it back into neutral for now so don’t give the rsi much value at this point.
If this is the daily bear flag there is still some more down time before they hit the target point for that.
Watch out here, because we are also below the 44rsi weekly, when broke below that support on the rsi BTC and other coins had some major sell offs
It might be a little time for btc/alt coins
But altcoins/usd could have major sell off as well.
For me target still is between 7.2k and 6.8k
With this break down! We are certainly not in a bull market anymore! Don’t hope for a bounce off 1k +
If we break above the descending line, we could see targets off between 7.6k and 7850
This is only speculation on what could happen still soon to tell what will happen!
Leave a like or follow if you like my charts.
Want to try trading in bitmex use my link for some fees! And it would support me a lot!
www.bitmex.com/register/Ci1A3v
On the 1h it looks like another down trend is forming, we haven’t touched lower yet to create a new higher low, but I think it could look like this.
RSI in intra day look to be broken, bulls can’t push it back into neutral for now so don’t give the rsi much value at this point.
If this is the daily bear flag there is still some more down time before they hit the target point for that.
Watch out here, because we are also below the 44rsi weekly, when broke below that support on the rsi BTC and other coins had some major sell offs
It might be a little time for btc/alt coins
But altcoins/usd could have major sell off as well.
For me target still is between 7.2k and 6.8k
With this break down! We are certainly not in a bull market anymore! Don’t hope for a bounce off 1k +
If we break above the descending line, we could see targets off between 7.6k and 7850
This is only speculation on what could happen still soon to tell what will happen!
Leave a like or follow if you like my charts.
Want to try trading in bitmex use my link for some fees! And it would support me a lot!
www.bitmex.com/register/Ci1A3v
コメント:
Potential bear flag on the 1h target 7k
