An update from my prveious 4H chart. Just some thoughts
The solid green line is the price you should watch out, BTC should not go down below that or else we might be seeing a more bearish trend than as I previosly thought. Otherwise, if BTC price goes close to that line but bounces up then it should be a good price entry.
The solid red line is the resistance which we must see BTC overcome.
I do believe BTC price will just fluctuate within these price channels.
The 2 lines will intersect somewhere mid Feb. I personally am planning to buy BTC around that time period which i'd hope would be the time the bearish trend is over.
The solid green line is the price you should watch out, BTC should not go down below that or else we might be seeing a more bearish trend than as I previosly thought. Otherwise, if BTC price goes close to that line but bounces up then it should be a good price entry.
The solid red line is the resistance which we must see BTC overcome.
I do believe BTC price will just fluctuate within these price channels.
The 2 lines will intersect somewhere mid Feb. I personally am planning to buy BTC around that time period which i'd hope would be the time the bearish trend is over.
Trade closed: target reached:
Get ready guys! we're looking at the start of a bullish trend here. This was a previous idea i posted about a month ago. I am very bullish on Bitcoin coming late Feb to March. BUY!