A Slow Down

Updated

Seems as though this curve might be the one to watch. The previous conclusion still stands with a parallel channel being the resolution. Have tried to update before but seems I have still lots to learn in regards to what is okay and what is not. I love that BTC has slowed the decent so gradually, this indicates some buying. I had to revise the channel and see that a build up for a decision is developing.

Conclusion: There is again some space for a nice move up but beware of the bottom of the curve.

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Remember to like if you appreciate and follow if you want to see things unfold.

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Still going according to plan. Move slowed down and pushing against resistance. Not following the curve to the T, but that is okay. Pressure is slowly building and seems as though we might have to wait the whole weekend out before real resolution is reached.

Remember to drop a like if so and follow if so - it helps a lot towards getting things here unlocked as tools.

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The close of this candle at the moment is going to be important

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11 630 would be a first sighn of recovery and 11 740 would give us even more

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BTC is suddenly threatening a $500 + move and we need to be careful here because it did probe through the bottom of the curve

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The candle close was not convincing and we still need to get above 11 630 ish and then 11 740 ish. Back in the curve with wicks below so staying vigilant

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The structure has been broken and now we have the supports to watch. Will post a new forecast soon.

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Please like and / or follow as I need 10 to express myself

Rule72

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