After a ridiculous day, BTC has somewhat settled.
Xi said the magic words,
Trump continues to be less qualified then a carton of curdled milk to run our country
and our our (coincidentally) 4 month exactly lower trend line held intact.
Both the Upper Trend Line and an extension of the lower triangles support line were broken,
However our massive pull back has us position above the 200sma and the extended top resistance line from our previous triangle.
BTC most likely grinds away at the purple resistance line for day or 2 before volume forces another large move.
The Closer the 200 gets to that purple trend line the more likely we flag and continue higher,
Next resistance being the 10k psych and 10.9k from our last local high before the break down.
Xi said the magic words,
Trump continues to be less qualified then a carton of curdled milk to run our country
and our our (coincidentally) 4 month exactly lower trend line held intact.
Both the Upper Trend Line and an extension of the lower triangles support line were broken,
However our massive pull back has us position above the 200sma and the extended top resistance line from our previous triangle.
BTC most likely grinds away at the purple resistance line for day or 2 before volume forces another large move.
The Closer the 200 gets to that purple trend line the more likely we flag and continue higher,
Next resistance being the 10k psych and 10.9k from our last local high before the break down.