Interesting Times. BTC Analysis

2020年4月12日

We've got some support on the 100 SMA, if we see a move up, we could see a potential head and shoulders pattern coming if there is a failure to break 7000 and hold above it.
A break below 6700-6650 (Orange Line) could see further downside towards the support at around 6200 (Green Line). I think we could see negative markets coming out of the weekend which may be a catalyst for this as there is some correlation in the market.
Time will tell. Stay Safe

2020年4月13日

註釋

Need to see support above 6550 for a continuation upwards. Failure to move up could see us dropping to the Green line and reverting back to the beginning of the movement as seen on the 1st April.

2020年4月13日

註釋

Seen a nice bit of support around 6700-6650, also sitting directly on the 100 SMA which could be helping it right now.
Within the next few candles we need to see, a push higher taking 6800 -6900 with a fair show of strength (retaking the trend line) otherwise the we could see a movement downwards to the green line.
If it does show strength higher, it'll come up against the big 7000 and its been a tough one to keep above.