Hi guys, this is my first chart that I am publishing. We just broke out of ascending triangle
and we should move a little more UP, but we are currently in a rising edge formation and we also have a regular BEARISH
divergence, which means that we will go DOWN at some point. We have a long term resistance in log scale which we will hit somewhere between 86xx-88xx, depending when we hit it in next few days. In near past BTC
had some trouble breaking this 86xx area, so I suppose we will be rejected here, but it broke it few times so it can go little higher and hit 88xx. BUT after all, this is BTC
and one say I heard and like to use is "IT HAS MIND OF IT`s OWN", so we can expect EVERYTHING.
I personally have a small LONG trade open and plan to take profit around 86xx and maybe turn into SHORT, if I don`t get stopped out meantime. I DON`T SUGGEST anyone to trade based on MY CHART, I am NEWBIE, this is only MY POINT OF VIEW.
But if you like my TA, feel free to like it and follow me!