Monthly chart indicates consolidation phase on time frame analises. I don't know you guys but I'm buying. $BTC
While bitcoin is getting smashed in price and lightning network grew about 300% in btc volume. The time is perfect to test lnd this technology. #LND #BTC
Support zones is around 7.5k USD but buy pressure keep making new all time highs.
Fibonacci Retreatment 0.786 shows support on $5200.00 that matches with blue dot indicating support levels on the last run up. Breaking this level we can go down to $4400.00. The daily small channel indicates short term, if it breaks the channel we might enter bullish trend again until the next fork. Expecting 1~2 days of down side before the next run up.