At point A there are four different resistance lines intersecting, meaning we will likely retest 9.5k and then drop down to point B at ~8900. If that support line holds, then I think we should follow this pattern and then test the long term resistance line before gaining the 10.5k level.
Worst case due to the halvening in May we may see a very big sell off, hopefully short lived.
I also think we have a chance of going up because we've retested the 200 day MA and seemed to have gained it as a level, so to speak.
That's a short run down of what I think will happen, the chart will speak for itself.
Let me know your ideas in the comments below!
Worst case due to the halvening in May we may see a very big sell off, hopefully short lived.
I also think we have a chance of going up because we've retested the 200 day MA and seemed to have gained it as a level, so to speak.
That's a short run down of what I think will happen, the chart will speak for itself.
Let me know your ideas in the comments below!
Commentaire:
welp this one didn't work out too well. We learn and move on
