BTCUSD Possible scenarios
Updated
This is some possible outcomes that may occur.
So far BTC seems to be following the upward trend line. If it breaks the trend it may drop heavily.
However;
Volumes of trading seem to be rather low :
Exchanges reducing new accounts coming in - leads to less new money into the system.
People holding onto cash waiting to see what eventuates, so if it explodes it will be huge.
Guess we will have to wait and see :D
So far BTC seems to be following the upward trend line. If it breaks the trend it may drop heavily.
However;
Volumes of trading seem to be rather low :
Exchanges reducing new accounts coming in - leads to less new money into the system.
People holding onto cash waiting to see what eventuates, so if it explodes it will be huge.
Guess we will have to wait and see :D
Note
How nice is charts when they work ?! :Dlook at BTC running up the trend line, hanging on for dear life.
Good re buys would be around 9k-9.8k at the .236 fib.
Ill have to make a new chart with a larger fib area, to see other possible buy in and support levels .
Stay tuned and LIKE if you think I am on the right track !
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