Bitcoin Panic Zone Redux
This is an update to the picture discussed in the previous post Bitcoin Panic Zone (Please read it first). The added blue line "current trend resistance" points to a wedge shaped market pivot decision point located some where at the end of this month. The Red line is down side resistance. No predictor is perfect. This predictor error in time in my estimate would be +/- 2 weeks.
At the pivot point there will either be a trend break to the upside/sideways or a drop through the current support layer to new lows. Potentially $135.
At the pivot point there will either be a trend break to the upside/sideways or a drop through the current support layer to new lows. Potentially $135.
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