Hello Dear Traders,
Tough days has been shared among all. But I see these days as our last chances to get in BTC in these prices. So, let's see whats ahead us.
When I look at this chart I see 3 possible ways for BTC to move. Trend line 3 obviously failed. Line 2 still has a chance and for me the most healthy way would be the line 2. We will definitely see a bounce there but I don't expect the first bounce will pass the smaller Downtrend line 2. After a bounce from D2 downwards, we'll reach the decision point marked in the chart which will be the indicator of the line we will move towards. We will see if the Trend line 2 holds when we got past D2 or not. Still after that we we have to pass D1 in order to be sure that we are moving upwards. We will see soon enough.
Trade patiently and you will win!
Tough days has been shared among all. But I see these days as our last chances to get in BTC in these prices. So, let's see whats ahead us.
When I look at this chart I see 3 possible ways for BTC to move. Trend line 3 obviously failed. Line 2 still has a chance and for me the most healthy way would be the line 2. We will definitely see a bounce there but I don't expect the first bounce will pass the smaller Downtrend line 2. After a bounce from D2 downwards, we'll reach the decision point marked in the chart which will be the indicator of the line we will move towards. We will see if the Trend line 2 holds when we got past D2 or not. Still after that we we have to pass D1 in order to be sure that we are moving upwards. We will see soon enough.
Trade patiently and you will win!
Comment:
EDIT: Line D1 should have been D2, D2 should have been D1.
Comment:
As we see, everything is on track as planned. Volume has been increasing lately and this is a good sign. When we touch the trend line 2 again, it might be the last time before we go uptrend.
