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I think this could now be the uptrend we have been looking for, as long as we do not break below this channel. I also think it break above it mid August.
Been waiting over 4 months for this, will btcusd break the 4 month resistance. In log view we can see btc has still not broken out yet but very close. If it touches the red line may drop $200 before breaking through the resistance. Fingers crossed. Please let me know if you think otherwise.
Quite a few people are saying BTC is now out of down trend, however if we turn on log view in the bottom left, it still has not crossed the big resistance.
A lot of big traders use the log view, therefore if we cross around the $8500 range, I would then like to think we are out of the down trend and prices could rise quite quickly.
Any one that knows me, knows I ...
Well bitcoin has been stuck in a downwards channel for over a month and it has been a long wait, but looks like it could have just hit the floor.
In the last week it has broken through 2 resistance lines and could now form an upwards channel from now on.
However still be careful, the RSI is very high and the last break through (pump) could just as easy bring it ...