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After residing in Bali for a month sheltering away from most of the fud and bloodshed throughout the cryptocurrency and indices markets its nice to be back and see a bit of green in the markets. This is my personal opinion on what I believe will happen to bitcoin. The banks want bitcoin more than we do, if they can create an emotional rollercoaster of a ride with...
Just added another arrow to chart to show most recent time crashed through MA to lower Bollinger line, otherwise based on previous pattern market will hold at MA area or head back down till it makes contact with lower Bollinger Band - Support area. No worries. Upward trend lline still intact.
BTCUSD FINAL LONG The final test of the $7500 area, before we plummet for Christmas :)
Validated confluences 1.Monthly,Weekly,Daily uptrend 2.Daily Support valid Resistance Broken 3.Trend Trading 4.Profit margin 1:5 5.Daily Trend-line still validated 6.Breached lower (Bollinger-Band) which indicated strong area of support 7. The revised level is Lower on the curve increasing probability 8.Opposing zone breached (Strong Validation)
Validated confluences 1.Monthly,Weekly,Daily uptrend 2.Daily Support valid Resistance Broken 3.Trend Trading 4.Profit margin 1:6 5.Daily Trend-line still validated 6.Opposing zone breached (Strong Validation)