BTC Analysis

Context:
Purple (all shades): Overall trends.
Red: Areas of resistance.
Green: Profound support.

Recently BTC has broken out of a crucial descending channel/wedge. This can serve as part of my bullish notion mid to long term, alongside the crossing daily lines (yellow & blue). The coin still has another trend to break out of / test (symmetrical flag, purple). If/when that happens, my sentiment increases. I'm expecting it to reach some stagnation around 42K and 52K. By this time, I expect altcoins like ZIL to trade around 11 cents and XRP to trade around 1 dollar.

Current trading week still has a few days left to cover, so nothing too significant worth noting at the current moment.
Trend Analysis

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