Hey guys,
Todays analysis is going to be short and sweet.
Looking at the daily chart it seems as though btc has found a short term bottom.
With a strong descending wedge forming, as well as the descending triangle. We can assume a BTC bounce is not far off.
If the 6k support holds. I think we'll have a nice little uptrend for a while. Not sure how long or if it'll be substantial enough for us to return to previous highs.
Shorts are also at ATH's - In december Longs where at ATHs... What happened after that? - DON'T FOLLOW THE CROWD. You'll get rekt.
Hope you guys enjoyed my analysis.
If so give it a like and me a follow.
Peace out!
Todays analysis is going to be short and sweet.
Looking at the daily chart it seems as though btc has found a short term bottom.
With a strong descending wedge forming, as well as the descending triangle. We can assume a BTC bounce is not far off.
If the 6k support holds. I think we'll have a nice little uptrend for a while. Not sure how long or if it'll be substantial enough for us to return to previous highs.
Shorts are also at ATH's - In december Longs where at ATHs... What happened after that? - DON'T FOLLOW THE CROWD. You'll get rekt.
Hope you guys enjoyed my analysis.
If so give it a like and me a follow.
Peace out!