TheHeroes

BTCUSD. Last movements before coming out of a negative trend.

BITFINEX:BTCUSD   Bitcoin / Dollaro
From 24th to 26th February BTC left the blue channel, but it was a momentary trend, now it has come back and for the second time tried to break the dynamic resistance (orange line).

What will happen in the next days?


In my vision I tried to put some arrow as you see from the chart, at the beginning a discomfort and the price drops, and then go back and reach the old resistance, to end around 10 March with a new decline.


In the case number 3 (red arrows) the depression grows more and the price returns in the red channel, under $ 10,000.

March 10 (approximately) coincides with the end of the cycle of my old chart (watch it linked below)...