BTC Analysis
Overall Downtrend from 10k has been broken, we had a short term uptrend that was respected well on smaller time frames. Here BTC looks set the bounce at this crucial Support area to form its inverse Head & Shoulders. Generally a Bullish formation. But we cant rely on this to happen. BTC has its own path and does not give a fuck about what everyone thinks. In times like this I fall back to prior facts. We broke a LONG TERM DOWNTREND. My only concern is was this a fake break out? As a lot of alts have broken their long term downtrends and have now dropped back down.
Just my thoughts, I am sharing these thoughts with my team and my following. Hope you all enjoy!
Overall Downtrend from 10k has been broken, we had a short term uptrend that was respected well on smaller time frames. Here BTC looks set the bounce at this crucial Support area to form its inverse Head & Shoulders. Generally a Bullish formation. But we cant rely on this to happen. BTC has its own path and does not give a fuck about what everyone thinks. In times like this I fall back to prior facts. We broke a LONG TERM DOWNTREND. My only concern is was this a fake break out? As a lot of alts have broken their long term downtrends and have now dropped back down.
Just my thoughts, I am sharing these thoughts with my team and my following. Hope you all enjoy!