BTC is DEAD..Wait...What?
Updated
This is just some simple analysis for BTC through mid-April. Take a look at the respect bears played to the major trend line in white. If I were a betting man...(I am)...I would say we have found our bottom(6k) from recent all-time high(20k) and now were are either looking to retest the major trend from July 2017 (around 7k) or preparing to start a new market cycle.
If you are bullish on BTC like I am look for one of the options above.
If you are bearish on BTC look for a breakdown of the major trend. If this happens I expect there to be a double bottom at 6k at which point bulls will regain control.
Hope you all enjoy this analysis and happy trading!
If you are bullish on BTC like I am look for one of the options above.
If you are bearish on BTC look for a breakdown of the major trend. If this happens I expect there to be a double bottom at 6k at which point bulls will regain control.
Hope you all enjoy this analysis and happy trading!
Note
Trend still viable as long as it gets wicked out. Pivotal area to watch.
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