Bitcoin has increased in volatility on the daily chart during this consolidation period after the big drop to 18k. This may indicate a big move is coming; a large-scale fakeout or maybe just a large impulse one way or the other. If we can avoid the red zone marked on this chart the bulls would continue to have a good probability to have a bullish impulse out of this consolidation period.
Comment
⋅
Sitting on the edge..
Comment
⋅
Nice increase in volume on that 5m candle. Can the bulls hold the trend support?
Comment
⋅
Comment
⋅
Big picture view
Comment
⋅
Comment
⋅
closer-up view of the more precise chart
Comment
⋅
Another rejection from the trend support turned into trend resistance.
@JoeChampion, yes, but on the decades timescale only. That is; I focus on the functional value of the asset relative to the FIAT currency concept (how it will perform considering fiat inflation).