At the start of the year i drew a couple of trend lines from the 2014 run (red dashed lines). In around mid 2017 BTC went to test this trend again where it succeed and bounced like crazy off the top one. I think if we finally manage to break down under this strong support of $6000 we could head back to this trend/next support. Hopefully from here we will see...
Alot of Bullish talk but i see strong resistance and 61 on the fibs but we all know btc can smash through it. Be careful and good luck!
Ive adjusted the downtrend line a touch from my last post, depending on if it closes above or below, ill be going long or short. Good luck!
are we on the way back down or will we break through important resistance. Important day candle, if it closes red ill be bearish, however if we can close above resistance ill be looking for a long.
Looking like it is going to break through this triangle soon.
Anyone else think we might still be going down or are most people bullish?