Here you can see a chart of Bitcoin. BTC is currently in this location however if you look really close we are accumulating in this zone which tells me that we could be breaking out should Bitcoin's price action slide to the right into March Resistance. The next Resistance we'd run into is roughly $8000 USD and then back down a bit until we breakout of the main resistance that we have been fighting all of 2018.
For the bears, the only shot they have is for Bitcoin to make a massive drop this weekend before the breakout into the blue shaded zone. Very important for the bears. I am confident the bears will lose this and the bulls will regain their strength very soon. It is a matter of when not if.
This very simple chart will show you how critical the price is right now and how important it is for each side to put the price where they need it. Bears in my opinion have the least chance of making their move. The lowest Bitcoin can go is $6500 based off this chart however I won't rule out a double bottom at $5900 but that would mean a break of this key support going back to last Fall. (2017)
For the bears, the only shot they have is for Bitcoin to make a massive drop this weekend before the breakout into the blue shaded zone. Very important for the bears. I am confident the bears will lose this and the bulls will regain their strength very soon. It is a matter of when not if.
This very simple chart will show you how critical the price is right now and how important it is for each side to put the price where they need it. Bears in my opinion have the least chance of making their move. The lowest Bitcoin can go is $6500 based off this chart however I won't rule out a double bottom at $5900 but that would mean a break of this key support going back to last Fall. (2017)
Trade ativo:
Bitcoin made a super mini rally up to the March resistance as expected and rejected but not hard. If this keeps up the breakout would occur around the time the chart says.
Trade ativo:
Bitcoin burst through March Resistance and aims for total breakout.
Trade ativo:
Breakout completed.