Bitcoin Technical Analysis - Trend Reversal on the way?Hey everyone,
As you can see on the chart, we got rejected at the 50% level, which is one of the most important levels in any trend, and if this current pullback is bigger than the biggest pullback we have had, that could be a sign of a trend reversal.
Right before the rejection, we saw signs of a weak rally, as we pulled back, went back up, but right after we crossed the peak of the last wave, we had a secondary pullback.
There is still a possibility that this is just another pullback and we will break 50% comfortably in the next move, but we can't forget that we've broken the trendline
The levels on the chart are Gann levels, and not Fibonacci
cheers,
tonite
