BTC USD in rising Bullish Channel for over 1 year...
Ok, ok... What about December and the correction thereafter?...
I consider that a FOMO spike (which we will probably see more of in the future).
But if you look closely at the chart you can see (illustrated by the red lines) we are presently nearing the rising channel support, and this typically results with a spike within the channel range, and can sometimes trigger a breakout. I look for this bullish channel to continue and consider more FOMO spikes a likely possibility in 2018.
Hit me with your thoughts in the comments.
I consider that a FOMO spike (which we will probably see more of in the future).
But if you look closely at the chart you can see (illustrated by the red lines) we are presently nearing the rising channel support, and this typically results with a spike within the channel range, and can sometimes trigger a breakout. I look for this bullish channel to continue and consider more FOMO spikes a likely possibility in 2018.
Hit me with your thoughts in the comments.
Comment:
next target...
Comment:
Comment:
the lower red line represents the precedent for the lower limit of the channel along the trendline. If we break below this line, consider the possibility of bearish dip.
My bitcoin address: 1BLzASUYSRMvFEbrLYDam7mFsr1bneqBPC