The Orange Line has been a key support for BTC on weekly chart ever since the bull move of Q4 2020. the line finally got broken and we can see that BTC has already failed trying to step above it again.
moving forward I see 2 potential scenarios for it as shown in chart. No Financial Advice but I wouldn't long BTC my self at list in the mid term.
Bitcoin has been in an uptrend since July 21st after its miraculous exit from the descending triangle it was trapped in some time. it has been growing in form of an ascending channel as drawn here. the question is how long will it hold in the channel and from which way it will break out?
My personal gut is that it will visit values of around 51K before it retests...
Stellar's Price has been moving nicely in an ascending channel since Jan. we have just received confirmation that channel bottom is respected and now the move towards top has started.
Also from Funda side the CEO will be attending Paris Fintech forum on Apr 15th. Lets see if any interesting announcements will come out of that.
While Many Alts have reached their ATH in Feb Bull run or are about to, Tron lagged behind. However with the recent announcement of Tron entering Defi and also looking at the chart in the Weekly time frame I am giving it a high chance to Tron for some sharp gains in March.
In the weekly chart we can see that it has broken out of its descending triangle for a...
In the Blue channel you can see the widening ascending rally channel that BTC has been in since Oct! WOW.
the Green channel is another wedge channel that it has been playing in the 4H chart and it has reached decision time now.
in my opinion either of the Red or Orange scenarios could go through. personally I think the sooner the correction happens the easier and...
BINANCE:ARPAUSDT
Green Line: 30 min trend line. massive bullish Angle (could get corrections naturally but dont be scared)
Red channel: channel which it was stock in on 4H timeline broken upwards.
White Triangle: Descending triangle that it was stock in since last summer has been clearly broken.
Resistances marked in thin horizontal Blue lines.
And Lastly the...
Its been trapped in that channel while other Alts flew. its probable it will make a move to its recent High soon. if it didn't break the channel and started moving down the main stop loss area is highlighted however I personally would exit sooner if it didn't break it in next 1-2 day as there's lots of opportunity in other pairs and wouldn't want to waste too much...
