I have identified two tops of the big wedge. The green one is from the ATH and the blue one is from the tip of the solid portion of the candle. I like to look at them both because I think they both have different tells. The solid portions of the candles show where the majority of the volume for that candle took place but the tips can tell you how much believe or speculation of price growth there was. As of today we have broken out of the blue line which extended further. We are currently still about what I believe to be the critical support zone although we are testing it. I think we are going to see over the next 2-5 days where we are headed from here. Tomorrow is a holiday so as usual there will likely not be a lot of price movement, if anything there will just be sells since most people are spending time with their family. If there is a slight dip tomorrow I'm not worried, it all depends on what happens post holiday.
Even if bitcoin just moves sideways or falls a bit I still think that alt coins are primed to make big moves against BTC. I have my eye on DGB SC and ETH. Keep in mind that they could gain against bitcoin and still have a falling USD value so just be mindful of your long term goals!
Feel free to comment what you think. If you agree or disagree just say why, I'm interested to hear what people think about this great project!
This is not investment advice.
Even if bitcoin just moves sideways or falls a bit I still think that alt coins are primed to make big moves against BTC. I have my eye on DGB SC and ETH. Keep in mind that they could gain against bitcoin and still have a falling USD value so just be mindful of your long term goals!
Feel free to comment what you think. If you agree or disagree just say why, I'm interested to hear what people think about this great project!
This is not investment advice.