So I have looked at the charts again and may have found a different long term support which is substantially lower than first mentioned. I have also extended the previous lines to give wedges to respect. There is also an extra support line there that is small but resistance to say the least. I'm staying neutral to this point as it's hard to see people selling their BTC for a loss this great, I already have want I want and had it a few dips ago and still see it growing in value from where I bought it.
I would be just looking at what this respects and what it rejects, we can still see the candle closing just above my first overall support line but feel I may have missed the one a lot further down. We are cheap and with markets no one can predict sentiment until they see the price have some action. Just remember the big boys know how to play this game and know where you have your stop losses and could just push you out before they pump it. If you are wanting to invest stay your course if you are trading you probably know more than me.
I would be just looking at what this respects and what it rejects, we can still see the candle closing just above my first overall support line but feel I may have missed the one a lot further down. We are cheap and with markets no one can predict sentiment until they see the price have some action. Just remember the big boys know how to play this game and know where you have your stop losses and could just push you out before they pump it. If you are wanting to invest stay your course if you are trading you probably know more than me.