After the current correction, as you can see in this long term chart (long term meaning EOY 2018), BTC will hit the support then put up the bear flames, take the plane and hit a little turbulence on its way to the rocket, next stop: galaxy Hodl.
Wait and see!
Signs point out to an H&S forming on the 4H, BTC seems to form another bullish wedge and will rebound.
A test of the 200 MA looks healthy but if it does not hold, it will go to -4000$ and all hodlers will be in debt :)
As it seems it a cup is made, we'll wait for the handle and then see OMG break through resistance to go . Assuming all is good with the bull trend, the good signs are lined up for OMG.
The wallet will come at the end of the month too, alongside some news from the team, so OMG is surely to go up. Especially in the ETH ratio, with ETH lagging behind BTC and losing...
After breaking the resistance, BTC is heading higher.
As I've stated in the last post, it has to break the 10k'ish strong resistance to soar higher.
Also, expect a healthy downfall soon to the 8700 levels.
Hello and let's start with a more detailed analysis.
First of all, if BTC does not break above the yellow line, the resistance it must surpass these days, a new bottom is possible to form at the target stated on the chart (yellow arrows).
If it does break and consolidate above it, we may see a rally to the resistence zone between 10100 and 10700. If it does not...
Unless it emerges above the trend line in the near future, a possible downfall is coming.
If it falls under the 5700 resistance, bears will win the battle.
Possible drop to the 400 levels during this week, maybe a new FUD coming prior to the weekend.
