We meet again...
"Everything that goes up must go down" was the exclamation of one of the members of this dispute, whose argument has no solid basis, perhaps a little merit ... but it does not have enough validity ... the question is the following: how much must go down?
If we look at our exchanges, charts, wallets, we can appreciate the exponential fall in their prices in periods not longer than a week. Will it be good or bad?
Tradingview
Charts extracted from tradingview in 4-hour time frame BTC/USDT (BINANCE) where a clear bearish trend is projected either in short or long term...
1signal: Emas I use the Emas to confirm the strength of the momentum these are configured as follows.... 20 red-50 orange-100 green-200 blue there is a crossover where it is understood that it has a small bearish momentum (I say small because historically this has been achieved by the btc for a couple of months have no comparison ...
2signal: trend channel and fibonacci retracement we know it is in a downtrend it is time to identify and try to predict its next moves ....
Closest support 48.000(psychological levels 00 and 000) we observe the formation of a bearish channel supported by the touch of 4 descending candles i.e. downward confirmation the basic technical analysis instruction tells us that when this passes and the asset enters sideways areas possibly give continuity to that trend ... (Bearish) its first support point is near $51,800 and may have the opportunity to reach $54,000 if it presents a sharp break may be that it returns to the upside if not !! will continue to be bearish until it presents a rejection
On the contrary of the bnb that personally is in a stage of re-accumulation.
it presents supports and resistance in proximity, as maximum point to quote until the 470$ to make a retreat... a great force is found in the market that does not allow it to go down a little more.... in fact for those who follow it constantly can realize it in a matter of hours jumps from 507$ to 480$ goes up to 500$ etc (range zone) I mention all its innovations and I think it can have a great value at the end of this year entry zone in the 470$ to the purchase lately I have made many analyses with the bnb.... mark my words it will go up !!!
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta