Are We Done Yet? NOPE (BTC/USD)
Updated
On previous chart, I said Btc gonna get in the trend channel. And it looks like Btc following that idea.
But when we look closely to trend channel, everytime Btc breaks uptrend we saw a downtrend break too. First up and down was not that strong, but this second up and down was kinda big.
And this situation make people think, 42k usd is the peak point like 20k usd in the beginning of the 2018. But in this fall, btc didn't lose any dominance. We didn't see any altoin breaks. And this two things shows us 42k usd is not the peak point.
I'm expecting an uptrend break bigger than first two breaks. Let's see what is gonna be the new ATH. I think we can see 50k usd in next move.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
But when we look closely to trend channel, everytime Btc breaks uptrend we saw a downtrend break too. First up and down was not that strong, but this second up and down was kinda big.
And this situation make people think, 42k usd is the peak point like 20k usd in the beginning of the 2018. But in this fall, btc didn't lose any dominance. We didn't see any altoin breaks. And this two things shows us 42k usd is not the peak point.
I'm expecting an uptrend break bigger than first two breaks. Let's see what is gonna be the new ATH. I think we can see 50k usd in next move.
I'm just a trader like u guys, and I just wanted to share what I saw here. Don't take it as a financial advise.
Note
Cool chart, huh :)
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