BTC two trendlines,minimalistic idea:)
Updated
Dear Guys!
This is my first idea,it's not a call but describing the situation very good in my opinion.
On my chart you can see two trend lines on the 1W timeframe.
The green one is an old uptrending trend.
The Red one is a trend line from the recent high at 2017 december.
As you can see the price at the moment is kinda stuck in between the two.
Good news is that just recently the red trend line is acting as a support.
Thanks for your time,in case if you have any toughts please let me know in the comments.
Cheers:
Z
This is my first idea,it's not a call but describing the situation very good in my opinion.
On my chart you can see two trend lines on the 1W timeframe.
The green one is an old uptrending trend.
The Red one is a trend line from the recent high at 2017 december.
As you can see the price at the moment is kinda stuck in between the two.
Good news is that just recently the red trend line is acting as a support.
Thanks for your time,in case if you have any toughts please let me know in the comments.
Cheers:
Z
Note
BTC breached the red trendline.I would not be surprised if it will reach down to 5k at the next weekNote
Just in case,if 5k does not hold then the next interesting area to me is in between 4300-4500 USD.Note
well,for now it seems I made a mistake:)
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