Some days ago I published about the 5 months downtrend main trendline being broken and looking for it to be new support line.
We are currently testing it for the 2nd time and with decent volume (mostly due to PBOC warning 3rd party processors to deal with Bitcoin exchanges).
Just Zoom around the end of April to get a clear view.
Also I remarked the Fibonacci retracements were working nicely on the big picture (last ATH to nowadays). Each level being tested with several occurences and most of the time volume is here too.
Finaly the purple hand-drawn line is my thoughts about next month tendance, matching with the 2 Fibos I charted.
We are currently testing it for the 2nd time and with decent volume (mostly due to PBOC warning 3rd party processors to deal with Bitcoin exchanges).
Just Zoom around the end of April to get a clear view.
Also I remarked the Fibonacci retracements were working nicely on the big picture (last ATH to nowadays). Each level being tested with several occurences and most of the time volume is here too.
Finaly the purple hand-drawn line is my thoughts about next month tendance, matching with the 2 Fibos I charted.
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