I see a new channel being formed on our way to break over 9600. I think we bounce like a pinball between these lines and then eventually jump up over 9.6k. This is short term outlook. I'm a beginner so don't hold too much weight in what I say. Just learning. If you have anything to offer or criticize please leave a comment. Thanks!
I see a pattern here! Get ready for big lift off! I'm a beginner, I may not know what I'm doing, so take my analysis with a grain of salt!
I see that BTC is getting squeezed into the sharks mouth at the moment. Looks to me like we broke long term down resistance not long ago, but got pushed down. We didn't hit the bottom uptrend resistance so this is good. Right now we are headed back up to long term down resistance, I think we will hit it, bounce a few times and break through at which point it will...
I see a false breakout at the moment. We are on the edge of getin' up, or getin' down. This to me looks just like around November when we had a good up trend, then a sharp down, and then a moon. I think we have one more significant down trend to around 7k, and then we shoot way up! So high I don't even know. I'm a beginner so bear with me.... lol Soon, we shall...
Btc dumped over night and continued into Saturday. It broke downtrend line, and as soon as it did reversed into positive movement channel. There are two resistance levels coming. I believe it will break the first one, not sure about the second. If it breaks the second one then we continue way up to challenge long term downtrend. Overall we are still in a bear...
I am very new to trading anything, and caught the crypto bug. Looks to me like we are still in a bear trend, but we broke long term resistance briefly the other day, followed by a correction. I thought the correction would go lower since we crossed support, but it bounced back and then broke short term bear trend. At this point I see volatility going up to 11,500...