Corona tests the BTC trendline
Atualizado
The BTC now succumbed to the panic around CORONAVIRUS and has destroyed the long-standing trendline.
At present we can look at 2 scenarios:
If the BTC tests this trendline again and doesn't come back, we will succumb to the descending channel and go even further down to $ 3,000.
BTC resumes and attempts to cross the resistance zone in the coming weeks.
Do not expect rapid purchases, and high volume!
Everything now depends, on what news the world leaders tell us and what the course and impact on the economy will be .
At present we can look at 2 scenarios:
If the BTC tests this trendline again and doesn't come back, we will succumb to the descending channel and go even further down to $ 3,000.
BTC resumes and attempts to cross the resistance zone in the coming weeks.
Do not expect rapid purchases, and high volume!
Everything now depends, on what news the world leaders tell us and what the course and impact on the economy will be .
Nota
Weekly Candle Must Be Closed Over $ 5500 (WMA200) to resume climbing up!Nota
We are currently testing trendline again! Be carefulso far it looks like scenario 1.
Breaking through this line, and resulting possible dump to $ 3K
the weekly candle was closed in favor of bears and so the market behaves
if we do not get big and positive news today, we will unfortunately go down.
Nota
the possible bounce Up is right now, in this area around 4500Nota
Trendline would handle the retest and confirm its important role in TA - BitcoinNota
Russia is Banning the circulation and issuing of Cryptocurrencies !Really bad news right now.
ccnews24.net/russia-is-banning-the-circulation-and-issuing-of-cryptocurrencies/
Nota
it probably affects the directionNota
btc bounced off the trendlinebut we are still in a vulnerable zone
bull volumes are still low compared to bears
Aviso legal
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