Here is my long term analysis of BTC starting with the monthly chart. We have retraced all the way to resistance between 4000 (weekly candle highs) and 4300 (78.6% of the entire trend).
This 300 dollar range is neutral and should be considered as a zone for entry in the previous direction, in this case short. See my next post for weekly perspective. Pay attention to the bottom trend line which is 200% of the channel uptrend. We could see the bottom in this area.
This 300 dollar range is neutral and should be considered as a zone for entry in the previous direction, in this case short. See my next post for weekly perspective. Pay attention to the bottom trend line which is 200% of the channel uptrend. We could see the bottom in this area.
評論:
Daily Perspective: The area between 4080 and 4300 is a massive resistance zone. Anything in between is neutral.
評論:
Short term i see us revisiting the lower channel line.
評論:
Heading for 3860 shrt term
I ultimately believe we will bottom around the 2900 level.