Recap on the previous Bitcoin analysis: price disappointingly did not reach Green 1 after breaking out and peeped out below Decision 2 multiple times, licked Decision 1 again and now is testing the bottom of Decision 2. The latest flush caused some volume comparable with the last, but this time it seems crucial that Decision 2 holds.
Conclusion: Money Man foresees some wild trading when the price breaches one of the Decision levels. A fake out is always possible, but he sees this less likely as it would take a lot of volume to counter what might happen there. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Conclusion: Money Man foresees some wild trading when the price breaches one of the Decision levels. A fake out is always possible, but he sees this less likely as it would take a lot of volume to counter what might happen there. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.
Comment:
Previous BTC analysis:
Comment:
If you have not read the message on the ETH analysis: I apologize for the delay in analysis but am very busy at the moment and possibly for a couple of days more. So, stayed tuned as I am keen to get back to analysis as soon as I can. Thank you for your support. It is appreciated.