*First Public Published Idea* - Feedback welcome :-)
BTC Daily currently resting on long-term support. Have a chance to break out on the right shoulder by the 30th, lots of weak and strong resistance to break, but so far BTC has respected longterm support, with only a quick bounce below.
There are a couple dates called out that mark the deadline of BTC decision points.
I called out an inverse head and shoulder (bullish sign) but I see it has a background pattern showing up and I focusing on the trend lines.
Personally, I am buying on any dip below the long-term support line.
If you are swinging BTC, set sells just below each trend line (though personally, I am not swinging at this level, as I believe volume spikes will accompany each break and another test up to 10k will occur this year conservatively)
Enjoy!
*Noticed after I posted the weaker support (local) in the bottom right should be pointed on the line below it*
BTC Daily currently resting on long-term support. Have a chance to break out on the right shoulder by the 30th, lots of weak and strong resistance to break, but so far BTC has respected longterm support, with only a quick bounce below.
There are a couple dates called out that mark the deadline of BTC decision points.
I called out an inverse head and shoulder (bullish sign) but I see it has a background pattern showing up and I focusing on the trend lines.
Personally, I am buying on any dip below the long-term support line.
If you are swinging BTC, set sells just below each trend line (though personally, I am not swinging at this level, as I believe volume spikes will accompany each break and another test up to 10k will occur this year conservatively)
Enjoy!
*Noticed after I posted the weaker support (local) in the bottom right should be pointed on the line below it*
Comment:
Fixed the Weaker support arrow and adjusted the support to match better which pushed the July 25th date out a few days,
