BTC Price Analysis - Possible Long Position
At time of writing this, BTC is at a short term pivotal moment of price change as illustrated in the graph. If the price breaks out of the current descending triangle, we will need to see a big positive shift in volume in order to reach the next resistance (illustrated as the green line). Subsequently, if the price breaks below the descending triangle formation, I expect a drop to the next resistance zone as support before further price action.
Disclaimer: I am merely a stick figure artist who loves drawing lines and shapes ;)
this is NOT financial advice.
Disclaimer: I am merely a stick figure artist who loves drawing lines and shapes ;)
this is NOT financial advice.
Disclaimer
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