Last time i expected "...an additional move to the area of 4.260/4.330$" but we stopped at 4.230$ and broke down to the current level of 3.620$. Are still sure that we are goin to the moon??? I don´t want so sit in this rocket.
We didn´t create a higher high and the only conclusion is that we are still in a bearish trend. I see a high probability bitcoin will test the december lows. That will be very interesting because the "200 weekly moving average" is in this area and it is very important that we have a weekly close above that line. If we break this level we have to look for the next resistances
For the next few days i expect a bounce near the december lows.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.
We didn´t create a higher high and the only conclusion is that we are still in a bearish trend. I see a high probability bitcoin will test the december lows. That will be very interesting because the "200 weekly moving average" is in this area and it is very important that we have a weekly close above that line. If we break this level we have to look for the next resistances
For the next few days i expect a bounce near the december lows.
Don´t get me wrong, i am a supporter of bitcoin but there is no reason to buy at the moment, it is just speculation.