BitcoinShort
Decision Time for Bitcoin
We broke through the blue resistance without a retest so I think we are due for one.
The uptrend channel in orange is somewhat speculative and has gone on for too long, a retest of the blue resistance would take bitcoin out of that uptrend channel. Not only that but it's fighting against a major support turned resistance as the green line.
Let's see how this plays out, I'm short waiting on the retest. The green resistance gives me confidence we'll see the retest sooner rather than later.
The uptrend channel in orange is somewhat speculative and has gone on for too long, a retest of the blue resistance would take bitcoin out of that uptrend channel. Not only that but it's fighting against a major support turned resistance as the green line.
Let's see how this plays out, I'm short waiting on the retest. The green resistance gives me confidence we'll see the retest sooner rather than later.
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