so, we broke down the first little triangle which sent us down to mid 17 area, but as you can see we managed to climb back within the confines the bigger triangle and even managed to break it upward; so right now despite seeing some volatility, things look good and there is the potential of reaching to levels beyond 21000.
is that going to be an easy journey? it won't be for sure as you can see the former support of the little triangle is acting as resistance right now and there is the resistance at 19400-19500 level which seems a worthy foe as we didn't manage to break it during the weekend. but i think if the upper boundary of the triangle holds (18500-18700) as support, there is nothing to worry.
but with BTC no one can say for sure. stick to your stop loss and enjoy the ride. as i said before, lets hope for the best but be prepared for the worst. and please do your own research before making any decision. constant learning is really the joy of trading.the more you learn, more you gain. i can guaranty that.
is that going to be an easy journey? it won't be for sure as you can see the former support of the little triangle is acting as resistance right now and there is the resistance at 19400-19500 level which seems a worthy foe as we didn't manage to break it during the weekend. but i think if the upper boundary of the triangle holds (18500-18700) as support, there is nothing to worry.
but with BTC no one can say for sure. stick to your stop loss and enjoy the ride. as i said before, lets hope for the best but be prepared for the worst. and please do your own research before making any decision. constant learning is really the joy of trading.the more you learn, more you gain. i can guaranty that.