Bitcoin went down again. The trend is certainly bearish. How far will it go down? We can only wait and see. Don't forget the basic low “Buy Low and Sell High”. Estimated range L: 7.5k H: 9.4k
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Theory:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
