THE DIFFICULT PATH AND SITUATION OF THE BTC + THE EXTERNAL ATTACKS
We all can have differents points of view and T. analysis, but if something we all agree is that the BTC is locked in a descending and bearish channel.
BTC/USD Bitstamp TF daily
To see clearly: http://prntscr.com/i5umje
Zoom of the Chart BTC/USD TF 120 min.
Analysis
Inside in the channel the BTC after arriving at its ATH, made the famous bloody retracement to become bearish and get to form the level of the channel (below)
When he reached that level BTC did a pullback and ended up forming the level and line (above)
Already conformed the channel with a descending zigzag behavior the BTC began its change of tendency until arriving at a minimum of USD 9.2 K in a dump.
All the following data are detailed in the chart:
Doing a pulback after the minimum, began to have ups and downs in specified values how
Supports S1, S2, S3
Resistances R1, R2, R3
As the movements are smaller, I can say that a phase of small volatility but consolidation began over all things.
I also marked the critical trend line (red) where I already tested 3 times without breaking it.
Dump of 1K in minutes????
Today in the morning and to the surprise of many had a loss of usd 1000 .- in a matter of minutes. Exactly 1k.
Then I got this news, please pay attention.
https://seekingalpha.com/article/4140126-bitcoin-will-fall-1000
Source: seekingalpha.com
In that low test I also try the trendline again.
NOW,
Technically this can have two possible scenarios for the short term and are (humble opinion)
Bearish:
Breaking the trendline and then the value of greater psychological strength that are the 10K to then retest the minimum of 9.2k and have a low to 8.5 / 8.2k.
Bullish:
Continue to his lateralizing / consolidate behavior and break the upper level of the channel to change finally the trend and going out of the channel. There, the targets will be seen, if it forms a lateral channel or an ascending channel.
Zoom of the Chart BTC/USD TF 120 min.
To see clearly: http://prntscr.com/i5velo
About the attacks I will make a separate post because it is very important to have legitimate information.
This was one of the 5 most viewed charts in Tradingview on the BTC / USD
And on this chart I base the targets in the case of a Bearish scenario.
How always thanks for your time, for reading and asking NAKAMOTO that we have a good weekend in all aspects.
Stay strong, stay bullish