BTC continues to blossom trend again and now stands at around $6250.
We watched the movement from a few days, but no major changes have occurred.
Firstly, the support line and the line of resistance are on the side. If the current price will be supported, it will be 6200,6300$ that many lots for sale, and if it can't save this section if it falls again, many traders will confirm the support line near $5900, which is considered to be a strong support line. About $5900 will be selling point with strong support, for example, the weak situation/current situation and meeting with the previous medium-term trend. During the current situation, there is a chance that the resale price of between 6400 and $6800 which coincides with the $6400. The strongest resistance among them is expected to be 6700-6800.
Let's look a little further from the point of view of the horizon. Below the current price range there is no main skyline, and this means that there is no skyline line. In addition, the horizon 5/10/20 days formed a reverse wax. Reverse horizon means downtrend. In addition, Bibliographic map Beit Finex 20-day horizon was the base, which is well served for quite a long period of time, and he showed a long support after a break from the previous short-term increases. However, the current situation again falls below the 20-day low, so we expect a very strong buying pulls.
At present, we have nothing to explain in terms of supplementary additional indicators or patterns. If the price drops to 5900, would need to consider drawing a double bottom.
It is believed that the current cryptographic market more important than forecasting. This is the best way to make money in the current situation, knowing the important resistance line and support line,and by taking all the countermeasures against the decline and rise and shortening the trading time. Every week this week, you are in trouble, so please have a nice weekend.
