Trend analysis on BTCUSD
BTCUSD
Using trend lines (red/green) and two lines acting as possible support (purple), I tried to draw a possible pathway BTC could go the coming days/weeks. For the long term, I'm bullish (the thick green upward sloping trend line). However, until the beginning of August, we may have a bear in Bull's cloth/Dead Cat Bounce. Therefore, investing in altcoins is risky the coming week.
This trend analysis is subjective and you certainly should not base your investment decision solely on this graph.
Using trend lines (red/green) and two lines acting as possible support (purple), I tried to draw a possible pathway BTC could go the coming days/weeks. For the long term, I'm bullish (the thick green upward sloping trend line). However, until the beginning of August, we may have a bear in Bull's cloth/Dead Cat Bounce. Therefore, investing in altcoins is risky the coming week.
This trend analysis is subjective and you certainly should not base your investment decision solely on this graph.
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