Hi Crypto Nerds,
This is what i have been waiting for! The breakout of the downtrend on the BTC ALL TIME HISTORY INDEX. If you change this to the 4h timeframe you can see a clear representation of the breakout but i wanted to share with you the 1D chart to capture the entire downtrend technical analysis.
Just to confirm this breakout even more i would love to see this 1D candle close above the downtrend line. Not saying that we aren't in the bull season yet, i believe we still have some downside to go but i see levels of 28 - 29.5k mark before retracing back lower.
Peace out nerds,
Activeaus
This is what i have been waiting for! The breakout of the downtrend on the BTC ALL TIME HISTORY INDEX. If you change this to the 4h timeframe you can see a clear representation of the breakout but i wanted to share with you the 1D chart to capture the entire downtrend technical analysis.
Just to confirm this breakout even more i would love to see this 1D candle close above the downtrend line. Not saying that we aren't in the bull season yet, i believe we still have some downside to go but i see levels of 28 - 29.5k mark before retracing back lower.
Peace out nerds,
Activeaus
Comment:
Quick Update, on the 4h we can see a potential bounce on the trend line down as support now. This is a good sign for above target to be met.