Please share with me your thoughts, wait for the right moment to decide wisely, Kind regards
Explanation is on the chart. Enjoy the show. Please like the post if you liked it. FIX: On 8200 major support tested and bounced hard, I meant the 9200 level!
As mentioned in the last post, we saw the fall back after trying to defend $8460 but we didnt hit $7950 and we might not. We saw a little support from what may be an upper channel support riding about $1000 above the 5 year ascending trend line. At this point there appears to be one of two more probable medium term options for BTC. #1 This upper channel holds...
Leading up to now: For this we need to zoom out some, we are looking at just over the last two years of price action with 1d candles. In the first wave, we tested the long term ascending trendline after coming down hard from our $21k high to just over $3k. After the first wave crashed, we stuck around the bottom of the long-term ascending trendline for 4/5 months...
I want to start this off by saying i believe bitcoin already broke the channel resistance. as you can see we tested 7800 and responded with an engulfing daily candle, this test was according to my chart and theory the retest of the channels overhead resistance. To support my idea i have 2 indicators giving bullish signals: -Stochastic the stochastic on the...