bitcoin and eth trend / usd

in #bit7 years ago

A picture tell more than words

From here we see there is a down trend and bitcoin is testing it.

if beak this down trend channel, than its likely to be sideway or go up

if not we see the test of previous low at 6000 and if fail, towards the down trendline.

the down trendline seems too deep, thus i believe its not likely but rather support around 6000, yet, we need to see how it is tested.

overall , down trend and caution here. Based on charting for educational purpose .

eth / usd looks similar.

We will need to see the test here.

Happy cny to all and may best of knowledge be with you.

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