Welcome everyone to my simple rainbow analysis.
BTC is in a triangle with lower highs and higher lows at the moment and will break within a couple days, if not hours.
Yellow : We broke out but we aren't there yet. Lookout for the resistance that held BTC down since mid December. Also we will see the diagonal resistance soon which BTC didn't penetrate since the...
Broke down of the ascending triangle forming a head and shoulders. I think we go down from here.
I'm short since $4200. Stoploss just above recent high @ $4350. I believe if we break the $43xx, we will see another rally up till atleast $4500.
Target @ $3500 (Maybe even lower but that depends on market conditions at that time)
Likes and Follows will be...