The price is trying to bounce of the MA100 and an uptrend line, the bounce seems week, maybe it will go to the downtrend and previous resistance at 18k. The yellow zone is important, if it breaks the downtrend it can go to 12k and if it breaks the uptrend it will test previous ATH 0.61% .
Looking at the daily chart (not the one above), we can see that the DMI is almost at 60 and is looking down, also the +DI is much lower, which isn't good, IMO -1.03% , look at previous times when that happened and what happens next isn't good. Nevertheless, BTC -5.72% is insane, it can do whatever it wants, in the meantime, we have to look at how the price moves within those trendlines .
Good luck!.
Looking at the daily chart (not the one above), we can see that the DMI is almost at 60 and is looking down, also the +DI is much lower, which isn't good, IMO -1.03% , look at previous times when that happened and what happens next isn't good. Nevertheless, BTC -5.72% is insane, it can do whatever it wants, in the meantime, we have to look at how the price moves within those trendlines .
Good luck!.
Commentaire:
I moved the uptrend line to the lows instead and BTC touched it and retracted like it was cold water. Still alive.
Commentaire:
BTC is not going to make it, support is at 12k.
