Update on a previous chart Larger ascending triangle currently forming. BTC will need to break the 1 day downward trend line to move into the upper half of the triangle. Bullish break out on the top of the ascending triangle. Price marked inside of the chart. If you plan on going long on BTC set your stop losses around 10.1k target 11.9k , 12.7k , 13.7k ...
Power ledger is sitting pretty inside the asymmetrical triangle. Power will need an increase in volume for the next push upwards, otherwise we should expect to see movement down to the lower support if it continues to test the current trend line support. Power is bullish right now since it is sitting above the red ichimoku clouds.
Temporary support has been found for BTC. I'm still super bearish until there is a clear sign of a breakout through the downtrend resistance. Will the bear market end for BTC anytime soon? Probably not. Will my portfolio survive this bloody massacre ? Maybe in the middle of March. lolz. Only time will tell.