Reference purposes only.
The key S & R levels marked out from when BTC exited the 2014 'bear market'.
Scroll up to see the current market with levels also marked.
Plenty of 20-30% corrections back then as BTC price rose to eventually surpass previous ATH.
Very similar in the current market - although - the lower highs observed currently is cause for concern!
Please give me a like if you have the same opinion
BTC USD it s near the 1 MONTH Deathcross after we will reach the BOTTOM,same will happened in 2010 and also in 2015(january)
MACD it s still overbought for a long time and RSI is below neutral zone
We need MACD to going at neutral zone which is 0 and curbate slowly up to remain an overral/globally bullish...
I have tracked BTC/USD 2014 market movements and correlated them to the current Bitcoin chart, marking possible similarities, resistances & breakouts. The current position of Bitcoin after the recent rally is drawing closer to the upper resistance, so will BTC breakout - fakeout or drop down to the lower resistance - decision time is looming with Bitcoin...
This is it: Descending Triangle building up for Bitcoin (BTC)
Hey guys, my last scenario is still playing out but it is critical that we hold this 7800-7700 level. Otherwise the odds will highly shift in favor of the bulls in a perfect descending triangle pattern that has been building up for the past 2 to 3 months.
This also reflects to be a mirror image of...