In my opinion BTC hasn't broken out of it's downtrend yet. It will probably retest 42-44k again.
3 scenario's
1. Green Line. Bulls pick up at 44k
2. Blue line. Retest around 42K bulls win
3. Red Line. Retest around 42K but bears win :(
The colored boxed measure the difference in % from top to bottem. The fall downwards declined each drop of around ~0.40% taken that in account i think the next drop will be from 52k to around 44k
I am pretty new to this. Just doing this for fun and see if i got any feelings with trendlines and patterns.
3 scenario's
1. Green Line. Bulls pick up at 44k
2. Blue line. Retest around 42K bulls win
3. Red Line. Retest around 42K but bears win :(
The colored boxed measure the difference in % from top to bottem. The fall downwards declined each drop of around ~0.40% taken that in account i think the next drop will be from 52k to around 44k
I am pretty new to this. Just doing this for fun and see if i got any feelings with trendlines and patterns.
Comment:
Seems to be in the most bullish lane i drew out. Lets hope it stays within the boundries. If so we could see a 60K+ in the comming 2 days
Comment:
We made it to 60k + now we are correcting to around 54k where we hopefully pick up. And continue our way in this channel up to 70K. First stop 64k.