Either trend is possible. If we have a lot of FUD in the coming days, I can see BTC falling to lower lows. However if people are still hyped about the space and pour money in, we could have a sustained uptrend.
BINANCE:TRXBTC has almost completed its correction. It will most likely touch the long-term trendline and if we can maintain support there, then we'll have our next rally upwards.
As referenced in my earlier post, I was afraid that the head and shoulders pattern would occur. As predicted, BTC price touched the resistance zone and is now falling back down. Be careful, traders.
We have a pennant that could either result in a breakout or a price gap down. However, I'm seeing a slight downward trend on the MACD plot that could indicate the latter more than the former. Keep a close eye on this. COINBASE:LTCUSD
We have a HS pattern on the 1 hr chart with possible resistance at the indicated level. If we break through the resistance we can probably see a new breakout to previous highs, but if we can't then we might retrace to lower levels.
