view at longterm. created in Apri.
BTCUSD
seems to be bouncing nicely in between the trendlines and along the channel. any break out from this channel could indicate bull/bear market incoming.
disclaimer: my first analysis
BTCUSD
seems to be bouncing nicely in between the trendlines and along the channel. any break out from this channel could indicate bull/bear market incoming. disclaimer: my first analysis
Comment:
looks like we broke the trendline and entered the red zone. a conservative scenario could be a several months-long bear market until the 7k (which is now the new resistance) is broken, which could take all the way until early 2019 (keep in mind that we could get close to the 9k mark by the end of the year, while staying in this "bearish" area, as it is the bottom of the channel. However, it is right now hard to tell where we are headed without some bounces. will update again after more price action.