Technical Analysis Update, Bonk Coin News Today 2024-07-06

x3-comments (69)in #steemit • 4 months ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Bonk Coin News Today

Bitcoin is on a monthly 10 EMA support and let's just hope that this one holds up on the higher time frame Bitcoin is still on an uptrend and I'm still bullish I'm not negative about the market this crash, in my opinion, is two things number one is temporary number two is that good opportunity right that's how I see things right now a good opportunity and something that is temporary that's all I'm not going to say anything else for me these are just normal scenarios nothing big nothing surprising it doesn't scare me

if I didn't need money urgently and I'm down and I'm going to sell at a loss that could have to bother to me but I have the time to wait so I'm going to use the time to my best advantage and the thing is that now you did break a little bit you're coming down again and it does look like you're holding down to this particular retest

Let's hope you end up coming and holding up this just a channel that is going sideways so you've had a move up coming down like this move up again and you're coming down so you're next buying opportunity can be at 1803 and 1803 can touch a little bit and maybe consolidate for a while and then you start to see the market slowly recovering and go back up to the Moon one more time

if you start to close below the channel itself that can be very very dangerous and you might just drop down even until here which is probably you know 1000 and that's going to be the biggest. The biggest support you have 960 is probably going to be the one let's just hope you don't go there you're still pretty down at