Bitcoin trend change prediction. A new local low?
Based on what I am seeing here in the one hour chart candles, I am expecting at least a short term trend change..if not a short term then we are looking at a possible break towards a new local low.
The short stubby candles and relatively long wicks on each side indicate a range war to me. Something has to give.
It is possible BTC goes up here as well. I am calling the trend change and leaning towards down because of the overall trend and because I believe we are moving through denial and into panic selling as far as market psychology is concerned.
See linked ideas for how we got to this point.
The short stubby candles and relatively long wicks on each side indicate a range war to me. Something has to give.
It is possible BTC goes up here as well. I am calling the trend change and leaning towards down because of the overall trend and because I believe we are moving through denial and into panic selling as far as market psychology is concerned.
See linked ideas for how we got to this point.
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