Based off the keltner channel lower kelt is set target here. Price will remain below 3.3k during the year of 2019 as it finds its bottom. .....
This is monthly Chart..
Lower kelt sit 1900-1500....2.4k is -87% from ATH! Just keep this in mind!
As stated months ago when BTC closed below middle kelt trend became bearish.. in which subjected to a bearish market. As ive taught in the past when price falls below middle kelt with a successful close. Target always becomes the lower kelt.. Bitcoin is heading lower... please check passed posts!
Hello followers :),
Ive told myself to update as much as possible on a weekly basis the price action of BTC LTC ETH etc.
Heres an update as clean as can be.
Ever since we broke weekly upper kelt and closed below we started the downtrend hence top being in around 19k.
$BTC hasn't closed below middle kelt since 2015 indicating middle kelt trend is no...
When a yearly support trend becomes resistance it then confirms opposite direction.
- Weekly has closed below middle kelt
- with target to Lower kelt for bounce
- Lower kelt is below 6k with range 5980 to 5720
Keep watching how volume has poured in and drops have been significant.. Argue the fact that for weeks back volume has been light.
- Calm before the storm
- Volume from January to March non existent now as direction has been picked volume increases down side
- huge volume bars are people getting out Big holders
- keep. channel in mind