A very nice and basic analysis of BTC using the most basic tools in the garden. I've quite simply set up some support and resistance lines, and judging by the fact that BTC has recently been Destroying the resistance lines after a slight detour of going sideways and towards the support for a little bit I think it's safe to say that in the short term (over the next few days) we can expect a slight drop followed by a spike that will tear the resistance a new one ;)
However having said that I'm absolutely new to TA (I'm generally an FA trader ) and would love all comments/criticism :)
Cheers guys!
Kitten
However having said that I'm absolutely new to TA (I'm generally an FA trader ) and would love all comments/criticism :)
Cheers guys!
Kitten
Comment:
Quick Update! So far so good! It's really testing that 8334 resistance! I'm expecting more of a drop before a nice spike but we'll see what happens :)
Comment:
Called it! :D We should see a small dip before the next spike