The main question is..will the support line be breached?

in #busy6 years ago

Well, what I personally found is the critical support at levels we are now standing at.
support.png
As you can see we are now flatting at 6,400$ for BTC.
And descending channel what is formed now shows that the price will be going down more and more if we don't break out of this trend. There is no breakout still and this is seen very clearly on 6H chart.
6h chart.png
If breakout won't happen, then we are heading towards 5,800$ish levels, and after that maybe even lower, to 4800$-4600$. Let's see what happens, I'm not gonna open the trade while the price action is not clear to me.

any advices from advanced traders would be greatly appreciated, I want to learn from you guys

Thanks to @cicbar for support a lot!

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.033
BTC 64223.84
ETH 3158.34
USDT 1.00
SBD 4.29