As we all know bitcoin has been on a consolidation period for a couple of weeks and now we are entering the resistance area, breaking the resistance area and retest will turn out to be a strong support area witch might trigger an uptrend movement in the next few weeks. what's on your mind feel free to share your thoughts!
Just sharing my take about shiba Inu and lets see if the market will grant my wish LOL :D
As we all know that bitcoin is moving slowly at the moment after the big dump, what do we expect, is it going to create a new high after the accumulation period or will it trigger a downtrend movement? Based on my tech analysis tell me what you think?
I am just monitoring shib next move while hodling now it touches the untested resistance area once it breaks then we are going to have a new high but if not it will retrace back and consolidate for a while.
For a few days of bull trend, we are now experiencing a consolidation period but if we follow the rule of gravity everything that goes up must go down.
Upon checking all the potential trends, analysing price movements I spoted a movement! It's time to pull the trigger, Share your thoughts...
Upon series of ups and downs a new trend has been created.
This is my daily insight on BTC/USDT.