So looking at the daily chart for BTC this morning I can see two things. A falling wedge and a symmetrical triangle. The falling wedge shows a continuation of a bearish cycle. A symmetrical triangle means the continuation of a trend. In this case Bearish.
Do your own due diligence on this and stay alert. I have two boxes marked as buy zones for myself.
I am also continuing to watch for possible reversal of the bear, and for me, I need to see a break above my lines in the low 13k range with patterns and indicators to match, before I will feel confident in a bullish change over.
I am not trying to teach or lead anyone with my TA. I am publishing these for my own historical record. I do however enjoy comments and feedback. This Technical analysis is a new journey for me and I am not an expert. I made a commitment to only trade my own charts, so as to accelerate my learning, and if I can suggest anything to you, do the same!
~Peace
Do your own due diligence on this and stay alert. I have two boxes marked as buy zones for myself.
I am also continuing to watch for possible reversal of the bear, and for me, I need to see a break above my lines in the low 13k range with patterns and indicators to match, before I will feel confident in a bullish change over.
I am not trying to teach or lead anyone with my TA. I am publishing these for my own historical record. I do however enjoy comments and feedback. This Technical analysis is a new journey for me and I am not an expert. I made a commitment to only trade my own charts, so as to accelerate my learning, and if I can suggest anything to you, do the same!
~Peace