So this one is a bit more spicy guys!!
- I see many possibilities here... but I wanna keep it simple ...
The ADX tells that the price is fairly low, compared to being overvalued or undervalued ... But the Stochastic Oscillator proves something different
people like the price as it is right now ... Also (they don't know where they wanna go)
Our 60.000$ zone is a very strong resistance, and we failed twice now to break it, but the trend is still bullish.
The green lines indicates a very bullish sign, and so do the blue lines which is forming our pendant, which means it's soon time for a decision.
The cirkel I made, is the moment of truth.. since we touched the strong resitance zone twice now... the third should be imo the most important one, since all our lines are pushing towards eachother. This is the breakout we are looking for!
My prediction is we are going down for a bit, to hit the green line, if we break it, we will bounce at the Zone 57.600$ (since we have a strong support zone here), this will be an insanely strong move, which should push Bitcount with enought momentum to find a stance above all the trendlines! and so we will complete the Breakout we were building up to from 3 days ago ... and hit 61.000$ also maybe a new ATH.
I would go Long around 57.600$, but wait for the bounce.
- I see many possibilities here... but I wanna keep it simple ...
The ADX tells that the price is fairly low, compared to being overvalued or undervalued ... But the Stochastic Oscillator proves something different
people like the price as it is right now ... Also (they don't know where they wanna go)
Our 60.000$ zone is a very strong resistance, and we failed twice now to break it, but the trend is still bullish.
The green lines indicates a very bullish sign, and so do the blue lines which is forming our pendant, which means it's soon time for a decision.
The cirkel I made, is the moment of truth.. since we touched the strong resitance zone twice now... the third should be imo the most important one, since all our lines are pushing towards eachother. This is the breakout we are looking for!
My prediction is we are going down for a bit, to hit the green line, if we break it, we will bounce at the Zone 57.600$ (since we have a strong support zone here), this will be an insanely strong move, which should push Bitcount with enought momentum to find a stance above all the trendlines! and so we will complete the Breakout we were building up to from 3 days ago ... and hit 61.000$ also maybe a new ATH.
I would go Long around 57.600$, but wait for the bounce.