This is not intended to be financial advice - just my honest opinion of where BTC may be heading based on it's previous motion.
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The bulls have made some progress. But, they have a lot of work to do if they are going to win the battle against the bears. I still see BTC in a trending downward within a strong channel outlined in thick yellow lines. We are currently moving up in a channel outlined in green.
Should we continue in the green channel, we will break out of the major yellow channel. This could be a significant development, signaling the potential return of a bull market.
Should we break out of the green channel, we may continue to see bearish movement, pushing us to a low of 6K.
Please, feel free to comment, and share your thoughts.
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The bulls have made some progress. But, they have a lot of work to do if they are going to win the battle against the bears. I still see BTC in a trending downward within a strong channel outlined in thick yellow lines. We are currently moving up in a channel outlined in green.
Should we continue in the green channel, we will break out of the major yellow channel. This could be a significant development, signaling the potential return of a bull market.
Should we break out of the green channel, we may continue to see bearish movement, pushing us to a low of 6K.
Please, feel free to comment, and share your thoughts.
This is NOT financial advice - it's merely my opinion. Do your own research.
Like.
Follow.
Please, comment / critique my posts.
And, unless you love losing money, ALWAYS use a stop-loss!
Happy Trading!
RP
Like.
Follow.
Please, comment / critique my posts.
And, unless you love losing money, ALWAYS use a stop-loss!
Happy Trading!
RP