Trying again. For the last weeks, BTC has been moving within this overall range creating this larger channel(green). I'm still bullish for the shorter term. I believe we will reach the top part of the channel in the near future before finishing this particular wave of the overall correction phase. I expect today's ranges to stay within the lower half of the channel, short consolidation around the lower midpoint support/resistance.
The bears will need to make a hard break through the bottom green slope in order to sway overall momentum in their direction. Until that happens, I expect BTC to move within the general areas of support/resistance as seen.
This is a simplistic visualization of recent BTC trend/price movements.
The bears will need to make a hard break through the bottom green slope in order to sway overall momentum in their direction. Until that happens, I expect BTC to move within the general areas of support/resistance as seen.
This is a simplistic visualization of recent BTC trend/price movements.
Commento:
The first Idea did publish after all, so this is an unfortunate duplication.