This is pretty self explanatory. I believe the bulls should be slowly accumulating right now. I'm certain they are.
I am.
We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends?
There are items in the news which could affect BTC's price. Keep an eye on the IMF meeting in Davos Switzerland. A positive, or upbeat piece of news from the global economic conference there could send a strong positive bias in the BTC market in an instant!
I am.
We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends?
There are items in the news which could affect BTC's price. Keep an eye on the IMF meeting in Davos Switzerland. A positive, or upbeat piece of news from the global economic conference there could send a strong positive bias in the BTC market in an instant!
Comment:
Not a pretty picture. Its one that should not be ignored. Quick trend analysis on BTC's decline and incline angles.
Comment:
How Powerful is the trend? ... This is what we are dealing with. I will not sugar coat this. You will need strong hands to hold through this, so if you want to "grab the bottom" ... Then you need to be ready to deal with this bias.