Shorter term update (still think that BTC will go higher in the mid term but the path of how we get there in my mind has changed):
There's a lot of people assuming that we're going to retest the lows right now. That combined with the chart, leads me to believe that we'll see higher prices from here, before (the possibility) of going lower.
If you look at the...
Mid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000577).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LENDBTC is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which...
Bitcoin recently crash out of the triangle it had been forming for months. The result was a relatively violent, however short-lived, downtrend. The trend phase had a very negative gradient which has since flattened out as shown by the red curved lines. This shows that the move is losing angular momentum. In fact, it's entering a consolidation phase. The likely...
