Might go up.. might go down..

Updated

This is not trading advice just drawings for my own amusement.

Note

Still not breaking the trendline which would be a fill on bull run. imo

Note

That trend line seems unbreakable. A pullback to retest 4 digits is possible without stronger momentum to take us to a retest of 14k> a retest in the 4 digits would secure a solid foundation before running up imo. But honey badger dgaf. Orange coin good, number go up!

Note

Possible 11k coming in..

Note

Now we will see if 11k can resist enough to become a new bottom.. Im guessing not. 9k possibly next. After a stop at 10k and some sideways action no doubt..

Note

When it was at 3k I said we will never see that price again. When it was at 10k I read somewhere somebody else saying we will never see 10k again.. I wish that was the case but it seems we aren't there yet.. 10k in sight. As I said before im not sure it will hold considering this vulnerability. Crypto TA is pointless without psychology. This market is pretty much 100% psychology. The media, the community, the development.. There are so many patterns that if it goes up or down it will be history repeating itself. Patterns are useless imo.

Note

And we are now testing the support line.

Note

There is a good chance we will now fall into the green support zone in 8k area. This is where we bounce.

Note

10k is now a major resistance both psychological and a longstanding trend-line (red)

Note

XBT still following those same channels

atomica

Also on:

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.