trentrehnquist

BTCUSD Daily: Ascending Line and VRPR Analysis

BITSTAMP:BTCUSD   Bitcoin
As the momentum slows (the leaps forward are smaller and less amplified) in the ascending trendline (WHITE LINE), the supply is becoming more limited and institutions are accumulating. See post yesterday for the entire chart from December to current. I think we will continue along this trendline and test the ATH again. If we can break through, it could be like a spring with built up tension and explode north! It could also go south and quickly as well so watch closely over the next 3-4 days. GOOD LUCK
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.