IF we break out of the descending triangle, i could see this playing out. Hedging some BTC here to be safe.
Shorts tapping all-time high. Wonder what comes next?
Set your bids in the green box where i belive we will find support, spread your sell positions between the three sell targets.
Buying from 7000$ and down to 5800$.
Im opening a short here.
looks like a double bottom has hit, i will open a long here.
History often repeats itself, why shouldn't it now?
In the current market the bulls are dominating, but will it be enough to break the strong resistance at the 11.200 dollar mark?
Although bitcoin bounced before i predicted i still think this chart can be relevant. Will the bears or bulls win?
A guess from past experiences. Opening long positions in the 4000-3500 Dollar area would be my best recommendation.