We are currently sitting right on the 1.62 fib extension level, what happens next here is extremely important. On the chart you can see the blue trend line, btc has broken though and is gaining momentum which is a good sign for the bulls. The red trend line shows where the resistance is on a log scale, btc needs to continue gaining bullish momentum and we need to...
BITCOIN IS GOING TO TEST RESISTANCE ONCE AGAIN, PRICE HAS BEEN MOVING FAST WITH STRONG VOLUME APPROACHING THE RESISTANCE LINE. WE NEED A CONTINUATION/ INCREASE IN UPWARD MOVEMENT TO BURST THROUGH RESISTANCE LINE WITH AUTHORITY. In my opinion btc is going to break this trend very soon, if we see this channel broken and we enter a bull market we can see price...
RED LINE: major resistance line of down trend. -We need price to punch through this line with authority before we consider the recent price action bullish. SOLID BLUE LINE: SUPPORT from around 7.3k SMALL DOTTED BLUE LINE: smaller/ weaker support line LARGER DOTTED BLUE LINE: possible support if price trends downward from this point. -large volume -fib...
trx testing support, need more volume and momentum!
btc is still struggling to find support. around 8,900 price hits a couple important fib numbers has large volume and lines up with head and shoulders pattern that can be seen on 1h chart, possible trend reversal.
ven is in a tight channel moving up if channel is broken look for support from light green trend line