DIGITAL ALPHA UPDATE - Why are we all saying BTC is a Bull?
Hello everyone! Hope the weekend is kicking a$$ for you and you continue to own it.
Digital Alpha wanted to put this out there. BTC is not a full bore Bull yet! NOT YET! We are getting closer though, but for now, can we stop saying it is? The slope of the bear trend has changed. Take a look at the chart. This is signified by the blue resistance line. We are currently subject to it. We have broken through the previous resistance line, which is the blue broken line. Take note, BTC appears to be following the log scale charts more closely right now. We can see BTC bouncing off the previous resistance (blue broken line) and got rejected at the new resistance (blue solid line). Let's keep an eye on this on the short-term. We are seeing some pull back and on 1Hr charts a bear flag forming. A drop lower to the 8.1k range is definitely in the cards. A full pessimist would say a test of the broken white line is in the cards (7.2k), but we aren't quite ready to say that! Hedge yourself so you don't Rekt yourself, take profits where you can. Buy on the dips.
Keep on being you,
DA BULL
Take a look at our Telegram Channel below. We are one of the few that show you how to manage a portfolio! We don't just yell buys, anybody can do that. Also, we are going to be doing a LTC raffle, a hardware wallet raffle, and ICO airdrops soon...all free to you! So if you like free, come join.
Digital Alpha wanted to put this out there. BTC is not a full bore Bull yet! NOT YET! We are getting closer though, but for now, can we stop saying it is? The slope of the bear trend has changed. Take a look at the chart. This is signified by the blue resistance line. We are currently subject to it. We have broken through the previous resistance line, which is the blue broken line. Take note, BTC appears to be following the log scale charts more closely right now. We can see BTC bouncing off the previous resistance (blue broken line) and got rejected at the new resistance (blue solid line). Let's keep an eye on this on the short-term. We are seeing some pull back and on 1Hr charts a bear flag forming. A drop lower to the 8.1k range is definitely in the cards. A full pessimist would say a test of the broken white line is in the cards (7.2k), but we aren't quite ready to say that! Hedge yourself so you don't Rekt yourself, take profits where you can. Buy on the dips.
Keep on being you,
DA BULL
Take a look at our Telegram Channel below. We are one of the few that show you how to manage a portfolio! We don't just yell buys, anybody can do that. Also, we are going to be doing a LTC raffle, a hardware wallet raffle, and ICO airdrops soon...all free to you! So if you like free, come join.
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