BTCUSD Daily Chart Long Term Analysis - Beautiful Potential BULL
Updated
On a daily Chart I am beginning to see a little bit more sense of which direction I think price might want to go.
I see price pulling back a little, then get to the top of that channel and bounce right back to $6,500 if it doesn't break the resistance of that channel.
OR
Price of Bitcoin might fall a little more (and maybe back to $6,500 and maybe dip towards $5,500) before going to the top of that channel, breaking it and then flying off...
OR
...maybe if it dips towards the $5,500 support, it'll break it, make it a resistance, and dive to $2,200.
But for now, to me, I think it will finish this pullback and then we go full BULL...but we'll see.
What do you think?
I see price pulling back a little, then get to the top of that channel and bounce right back to $6,500 if it doesn't break the resistance of that channel.
OR
Price of Bitcoin might fall a little more (and maybe back to $6,500 and maybe dip towards $5,500) before going to the top of that channel, breaking it and then flying off...
OR
...maybe if it dips towards the $5,500 support, it'll break it, make it a resistance, and dive to $2,200.
But for now, to me, I think it will finish this pullback and then we go full BULL...but we'll see.
What do you think?
Note
4HNote
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