Found support at the bottom of the ascending channel as well.
Continued Analysis from:
Continued Analysis from:
Comment:
UPDATE:
Comment:
Super bullish if BTC forms a "W" pattern, finding support above the white trendline.
Comment:
I guess the second touch on the white supporting trendline is good enough.
Pump confirmed, fulfilling the "bullish" signal triggered on Cyber Ensemble earlier, while the price trend was divergent downwards to retest the white support trendline.
Pump confirmed, fulfilling the "bullish" signal triggered on Cyber Ensemble earlier, while the price trend was divergent downwards to retest the white support trendline.
Comment:
Now to slow down with trades and observe the market again.
Comment:
Comment:
BTC have now pierced below the white support level and is rejected by it. Does the market still have hidden strength to push it back up into the channel like it did?
However the PRISM acceleration/jerk ribbon (AJR) is rapidly falling, pulling momentum down, while Ichicloud have flipped bearish after the dump. It is more likely for price to go further down than up now. 9338 USD appears to be providing a clear support. If that level fail, expect BTC to drop the 8600-8500 USD, where it might be a good level to consider accumulating more (depending on the chart when and if that comes).
However the PRISM acceleration/jerk ribbon (AJR) is rapidly falling, pulling momentum down, while Ichicloud have flipped bearish after the dump. It is more likely for price to go further down than up now. 9338 USD appears to be providing a clear support. If that level fail, expect BTC to drop the 8600-8500 USD, where it might be a good level to consider accumulating more (depending on the chart when and if that comes).