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CountOnCrypto
Jan 22, 2020 10:27 AM

Trend Continuation on BTC, opportunities to go long have arisen. 

Bitcoin / U.S. dollarBitstamp

Description

Be careful, be smart and weigh up the risk to reward.

Comment

I think we may be seeing a new level of resistance occurring, I will update the chart when I have more evidence to suggest this.

Comment

My analysis seems to be looking more accurate, BTC does not normally move in such a manner as it currently has been on the 1-2H chart. The level of resistance seems to have slightly raised; we're also seeing the price stay around the same but with a slight increase by average. The pumps and dumps in my mind are just ways of liquidating small-time traders from their BTC trades. BTC has also risen out of the previous channel which is stayed in for a long time. Big things are coming!
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