parsazahed

parsazahed Updated  Apr 23, 2021

Today Bitcoin broke its support trend line after the Bitcoin network hash rate dropped 50% from 218 EH/s to 109 EH/s due to the power outage in Xinjiang China. According to "news.bitcoin.com/bitcoin-hashrate-drops-xinjiang-blackouts-blamed-btc-price-slides/", the founding partner at Primitive Crypto, Dovey Wan said : "Xinjiang and Sichuan combined together have...

parsazahed Apr 23, 2021

BINANCE:BTCUSDT is forming a perfect "Wyckoff Distribution Schematic #1" $42,000 seems like a key level as it is the support area for the Wyckoff schematic and might be the daily 200 EMA . However, if it fails to remain above the $42,000 support area the next target could be the $30,000 key level as it's a static support line and might also be the daily 500 EMA .