Cannot say the price but we know how powerful these trend lines are, especially when we are a trend within a trend, we see these 2 trends overlapping soon, I'm calling it the bottom
This is not to say the price will magically jump up, but we should be able to break the bigger wedges trend line it has on us and relieve some much needed pressure. Lets watch the market and see what happens.
What are your thoughts? Please share.
For this to hold, the trend lines must all still be in play by then... Note we can consolidate at this bottom for a long period of time!
This is not to say the price will magically jump up, but we should be able to break the bigger wedges trend line it has on us and relieve some much needed pressure. Lets watch the market and see what happens.
What are your thoughts? Please share.
For this to hold, the trend lines must all still be in play by then... Note we can consolidate at this bottom for a long period of time!
Comment:
Sometimes the answer is right in front of you and doesn't need to be complicated :)
Trade active:
"“Selling pressure from long term holders is almost exhausted,” said Delphi Digital in their most recent report entitled Bitcoin Holder Analysis Through Cycles." www.cryptoglobe.com/...hi-digital-research/ we are close..
Comment:
HUGE update thread.
We see declining volume indicating a big move coming
RSI remaining neutral but on a slight downtrend