There may be some minor movement between the indicated resistances and supports, however with each passing day that this setup remains intact I am growing more and more confident that bitcoin and therefore all of cryptocurrency is about to receive a nice healthy injection. If this setup fails, the next major resistance will be the rising trendline of the symmetrical triangle.
My own opinion based on TA,
timmy_aussie.
My own opinion based on TA,
timmy_aussie.
Comment:
Comment:
Looks like dead cat bounce is playing out! Expect each support touch to have a smaller bounce then a sudden and incredibly fast impulse up towards the 3800 level. My advice is not to try and trade the bounces at all due to the risk involved in missing the final bounce!
Good Luck with incoming profits,
timmy_aussie.
Good Luck with incoming profits,
timmy_aussie.
Comment:
Successfully moved up and is now ready for a correction in my opinion.