Hi everyone
Bitcoin right now is moving in a descending channel. the big view of
the market is bullish yet. on weekly chart we can expect more upward pressure
in coming weeks, on daily and lower time frames the bears have upper hands.
I drew some key levels downward.
the blue areas on the chart could be the most expected levels that the price
can react to change the trend. so I'm not expecting deeper drop this week
unless the weekly chart turns to bear side for next week.
Enjoy the market
Bitcoin right now is moving in a descending channel. the big view of
the market is bullish yet. on weekly chart we can expect more upward pressure
in coming weeks, on daily and lower time frames the bears have upper hands.
I drew some key levels downward.
the blue areas on the chart could be the most expected levels that the price
can react to change the trend. so I'm not expecting deeper drop this week
unless the weekly chart turns to bear side for next week.
Enjoy the market
Comment:
important level to watch. it may cause turning the trend
Comment:
fake break out and then drop again, so targets are the same.
