Bullish trend possible if we break $8502.99.
$8970.69 and $9726.74 being the next fibonacci resistances.
The new upper golden ratio of $12,930.11 is the lower top of a possible bull market.
In the scenario of a fake-out we can assume the market to have low volume activity during the coming days.
I will post another analysis with a bear scenario in case of a bull trap.
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
$8970.69 and $9726.74 being the next fibonacci resistances.
The new upper golden ratio of $12,930.11 is the lower top of a possible bull market.
In the scenario of a fake-out we can assume the market to have low volume activity during the coming days.
I will post another analysis with a bear scenario in case of a bull trap.
Long term:
Bitcoin and blockchain sentiment uncertain but seemingly improving.
Altcoin prices starting to warm up from the crypto winter faster than expected as an indirect result.
A bullish pattern to the next lower top is a short term question of "when".
Comment:
bear scenario: chart/BTCUSD/NEdyD45X-Fake-out-bear-trap-scenario/
Comment:
Ladies and Gentlemen, We have found a strong resistance.