CRASH or ATH?
Currently Bitcoin is facing major resistance while getting squeezed into a triangle pattern inside the rising channel.
TWO Options -
#1 We break this resistance negating the double top finding us to new highs and a blue sky breakout.
#2 We will be pushed down back to previous support levels.
For long-term investors hold your positions and if it dips you can add more at appropriate key areas, but be cautious adding more at these levels. Wait for confirmation.
Day Traders big opportunity! Have your positions set and ready at appropriate levels near the support and resistance break up/down zone.
Currently Bitcoin is facing major resistance while getting squeezed into a triangle pattern inside the rising channel.
TWO Options -
#1 We break this resistance negating the double top finding us to new highs and a blue sky breakout.
#2 We will be pushed down back to previous support levels.
For long-term investors hold your positions and if it dips you can add more at appropriate key areas, but be cautious adding more at these levels. Wait for confirmation.
Day Traders big opportunity! Have your positions set and ready at appropriate levels near the support and resistance break up/down zone.