We have now been following my chart for a straight month. Bitcoin, although broke the steeper bulliish green trend line, has now found some support at my long term purple trend line which has been plotted a little over a month ago. We can see BTC still has a long way to go to create a Newer High, but we are on the way towards that point.
I think Bitcoin is going to go on a bear run here. We just hit the major pink resistance that in the past, when touched a huge drop followed. I'm expecting the price to go back down below 9k soon, unless we see a huge spike of volume and we move upward. As Always, If you like the TA come join our discord group. discordapp.com
This is my updated BTC chart. We should stay in the purple wedge until we hit the dull red resistance line.
Neo, first of all, Is an amazing project and one of those coins that is going to soar this year. On this chart I made, NEO is following the Purple Channel and has just broke the faded red resistance. The break in that resistance shows a change in markets, as you can see how much the coin pumped after breaking that line. In the future, this coin will stay in a...
BITFINEX:BTGUSD Finished its Elliot Triangle Wave, and now we are in the dark purple channel. 9700 is a major local resistance and if we break that, BTC should continue to follow that channel until we hit the first purple line. Once BTC Gets to that point, expect a slight correction and if the market is truly bullish we can expect BTC to break that resistance on...