BTC Long term SHORT, short term LONG.
Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red diagonal line). If this happens, BTC can be played as a "bull flag" pattern. The simple logic here is to play "buy the lows, sell the highs", meaning green lines to red lines. If you're a technical trader, don't get caught up in the news & gossip. Ultimate decisions by other investors show up in the chart when they put their money where their mouth is. Enter when you see them doing so...
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