#btc retested the strong support zone 26k9 - 27k2
(Please read again in the quote below🥳🍀✅)
Why is BTC forced to retest this zone:
1. BTC is forming a continuation wave pattern with wave b of B, Zigzag, running in the price channel 27k - 28k4
2. This hard support area is created by the Ema200 hard support lines of the multi-frame W1, D1, H12, H4
3. $BTC is waiting for the test to complete to increase to the resistance levels above. The closest is 29-30k$
4. Bad scenario: #btc breaks this hard support zone, then the #bitcoin zones move towards: 24k - 22k - 20k$...
The current medium-term main trend is still up
However,#BTCis strong so#Altcoindropped very strongly!
(Please read again in the quote below🥳🍀✅)
Why is BTC forced to retest this zone:
1. BTC is forming a continuation wave pattern with wave b of B, Zigzag, running in the price channel 27k - 28k4
2. This hard support area is created by the Ema200 hard support lines of the multi-frame W1, D1, H12, H4
3. $BTC is waiting for the test to complete to increase to the resistance levels above. The closest is 29-30k$
4. Bad scenario: #btc breaks this hard support zone, then the #bitcoin zones move towards: 24k - 22k - 20k$...
The current medium-term main trend is still up
However,#BTCis strong so#Altcoindropped very strongly!