Hi, crypto traders.
BTC is in a downtrend now.
Suddenly, the price went down and broke 240h (green) line to the lower side clearly. Once the price reached 53,400USD, but it bounced and it’s stable now. Because 80h (blue) line breaks 240 (green) line to the lower side soon, if the candle keeps under 20h (red) line, the trend will be a Strong Downtrend.
Conversely, if the price goes up and breaks 240h (green) line and 80h (blue) line, the trend will be a sideways market. We should check the following points and wait for the next trading timing today.
Today’s Check Points
- The price continues to go down and breaks 52,300USD?
- The candle changes to positive and breaks 240h line and 80h line?
TODAY’s Target Price
◇BTC goes up◇
- 1st target: 60,000USD (A nice round number)
- 2nd target: 65,000USD
◇BTC goes down◇
- 1st target: 52,300USD
- 2nd target: 46,900USD
Enjoy your trading.
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