Looks like we are at the end of the falling wedge. Also we see bullish divergence on RSI.. Targets are on the charts..
If price drops below blue line, then the idea will be invalidated.
Not a financial advice, of course...
BTC is looking quite nice. 3188 -> 5450~, currently back at 5k. Excepting a bit more of a pullback to the 4k area.
Once support is found, i expect a continuation of the 123 bottoming pattern that recently validated itself, with the pump to 5400 area.
Come ask me questions, hang out, and try our crypto trading game @ www.twitch.tv
This is my over view on BTC if you also check the market caps you will see volume is rising and the potential is also favouring BULLISH expectations
However this does not mean to BUY BUY BUY it just means to watch for the rite flags and dips to buy into...plan ahead for the moves to come not buy now and plan later !!!
The last cycle of crypto mania ended in the end of 2018 when leading cryptocurrencies has lost 80% - 90% of their market values. The classic pump and dump cycle may afflict huge financial losses to participants in the bubble.The bright side of this collapse, to some degree, is that tokens has attracted significant media coverage and public interests. Tokens has...
Buy in based on bounce of recent support shown by the green line. Long position at 2.3 and exit points at shown by circled areas with red being major resistance.
I am a novice trader for all those reading this but though I would share my approach.
Longer term I expect a fall back of the resistance line in red down to either the support line (green) or beyond...