For those who has been around awhile you remember last year between august and september we went up to 5k back down to 3k then never looked back to 20k.
I have to put a lot of weight on these levels as being important support levels but a sign that we maybe nearing the end of this bear market at least for price action is concerned. Time I think all depends how we react here at these levels do we have a sharp sell off followed by a good bounce not only on btc but around the market or do we fall into this range from a year ago.
I will be looking to try to find some swing trades probably on alts using btc movement to trade direction,
I have to put a lot of weight on these levels as being important support levels but a sign that we maybe nearing the end of this bear market at least for price action is concerned. Time I think all depends how we react here at these levels do we have a sharp sell off followed by a good bounce not only on btc but around the market or do we fall into this range from a year ago.
I will be looking to try to find some swing trades probably on alts using btc movement to trade direction,
Comment:
these horizontals based on over a year ago are really acting on the current price
Comment:
wowo I nailed that range it dead stop at the4300 then sideways then dumped to 3500 as predicted on nov 20th
The temp bottom is very close to the trend lines based on AUG-Sept 2017 ranges