The only trendlines that matter for bitcoin
IMO those are the only make or break trendlines for BTC
The December 2018 top trendline has been tapped 4 times and will eventually get taken out. Once we take out 10k the fireworks will start, this will finally give us a higher high on macro timeframe. Breach of this trendline resistancef will herald a 3rd parabol bull advance. I can see it cool off here first before making any significant move.
Another scenario I'm seeing is BTC topping out at this trendline and make it's way back to the lower trendline. I'm not really anticipating this scenario because we really had a bullish april but be prepared for both scenario's and plan accordingly.
Definitley more bullish on ETH than BTC for now
The December 2018 top trendline has been tapped 4 times and will eventually get taken out. Once we take out 10k the fireworks will start, this will finally give us a higher high on macro timeframe. Breach of this trendline resistancef will herald a 3rd parabol bull advance. I can see it cool off here first before making any significant move.
Another scenario I'm seeing is BTC topping out at this trendline and make it's way back to the lower trendline. I'm not really anticipating this scenario because we really had a bullish april but be prepared for both scenario's and plan accordingly.
Definitley more bullish on ETH than BTC for now
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.