BitcoinLong
BTC Updated Analysis
Support bounce respected in full.
The green support break will now turn into a red resistance zone (clearly). The break in the trend line resulted in two sell plays around the 65212 zone area.
A down trend was forming, though now the resistance zone at 65212 (green support/break line in the picture) has been hit twice now via the Daily TF, turning it into an uptrend (hence the purple bottom trend line. If that happens, a climb to my red resistance/break zone will occur.
and yes the trend line clearly may be broken, that uptrend is a little ridiculous!
Next stop is 71399 resistance!
The green support break will now turn into a red resistance zone (clearly). The break in the trend line resulted in two sell plays around the 65212 zone area.
A down trend was forming, though now the resistance zone at 65212 (green support/break line in the picture) has been hit twice now via the Daily TF, turning it into an uptrend (hence the purple bottom trend line. If that happens, a climb to my red resistance/break zone will occur.
and yes the trend line clearly may be broken, that uptrend is a little ridiculous!
Next stop is 71399 resistance!
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