Last week was a major week for BTC. The weekly and monthly Candle finally broke out and closed above of a 3 year down trend. We are officially in an uptrend.
We saw a high above $12000 last night and then an sharp correction down to $10,600, a major level. Price then bounced back above $11k which is a bullish sign.
I'm expecting price to consolidate for a bit...
Approaching the end of a wedge pattern. Expecting breakout to the downside and hold the $350 support level and then a continuation up. We'll probably see some resistance at $355, $365, $370 $380 and $390 on the way up approaching the $400 level.
Ill be looking for a buy after establishing and retesting solid support.
Short term sell. I will not take a sell in...
KRAKEN:LTCUSD
Long term Trendline was tested with the major sell off from Saturday night but was ultimately respected.
Price is forming a wedge and indicated by the blue trendlines.
I'm looking for price to consolidate within this wedge pattern and then eventually breakout.
If price breaks up, we should see a retest of key levels, and then a continuation.
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