So BTC has been a little undecided in terms of whether it wants to breakout or drop back down. It's hard to say, we've been rejected off of $11500 and $11600 areas and gone down a couple of times, but we're also pretty far off the base lines drawn in.
The dark green line has more touches so could potentially be more reliable, but the brighter green line is connected to the bottom of the crash, so it really depends on how things play out over the coming days before we know the trajectory - and that's IF the current trajectory doesn't change either.
The dark green line has more touches so could potentially be more reliable, but the brighter green line is connected to the bottom of the crash, so it really depends on how things play out over the coming days before we know the trajectory - and that's IF the current trajectory doesn't change either.
Comment:
That purple support line has been broken, but it appears the bright green trendline will probably act as support level as we move up.