BTC Breakout TA 7-24-18
Although BTC seems to be shying away from my 4100 target I did call the recent downside to 6k (within $90).
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
trend resistance.
I am still not really bullish on BTC until it forms a well established uptrend line from the downside.
Re-mounting an older uptrend line would be ideal.
Until then I am still projecting a tap at the long term uptrend line in the 5-4k range.
Times like these show us why we need to be unbiased technical traders. Trade safe.
*Check last post for proof.
BTC is breaking out of the purple symmetrical triangle that tons of people tried to long and got REKT on.
If this daily candle can close above the purple trendline this is huge because I cannot see any higher
trend resistance.
I am still not really bullish on BTC until it forms a well established uptrend line from the downside.
Re-mounting an older uptrend line would be ideal.
Until then I am still projecting a tap at the long term uptrend line in the 5-4k range.
Times like these show us why we need to be unbiased technical traders. Trade safe.
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