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PMtrading20
Mar 16, 2018 10:12 PM

BTCUSDT Long

Bitcoin / TetherUSBinance

Description

BTC is currently testing support on its major ascending trendline. If we breach this trendline, i quickly expect a retest of the 6k lows.

If we continue to bounce off of that trend line, depending on the speed of the bounce, i have labeled price points for when it would meet the shorter, descending trendline.

the price points from highest to lowest are roughly the following dates:
mar 19 10150
mar 24 9600
mar 29 9100
april 3 8500 assuming the price stays within the 2 trend lines, this is the approximate date and price at which the two trend lines will converge.


short term looking for bounce to the above mentioned prices/dates (again assuming, we hold the ascending trend)

Comment

(and the lower price bubble is simply for price reference.... it should not be viewed with any sort of time value attached to it)
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