Green horizontals represent potential bitcoin targets , which remains valid as long as bitcoin stays above the blue trendline . I'm also pretty bullish on alts if we follow this scenario .
But , if we SETTLE under it , the red horizontal becomes a possibility . ( I said settle because it could be very well just another bear trap , like the one from 13-17 DEC 2018 )
Why is my analysis revolving around this blue trendline ? Check out it's origins. It's pretty much the most important one in BTC history .
But , if we SETTLE under it , the red horizontal becomes a possibility . ( I said settle because it could be very well just another bear trap , like the one from 13-17 DEC 2018 )
Why is my analysis revolving around this blue trendline ? Check out it's origins. It's pretty much the most important one in BTC history .
Trade active:
I'm not rebuying until we touch the greenline .
I'm not rebuying until we touch the greenline .
Comment:
looking good , bounced off the blue line . will it hold ?