On the 4 Hour Chart the Price broke the Symmetrical Triangle and closed above the Daily trend line which is also a Symmetrical Triangle on the Daily Time Frame. Now the price may retest the new found support and continue the Rally or it may takeoff to find a new resistance and also might break the previous high of 19891 which was created on 17th December, 2017.
Note: I've never traded on Cryptocurrencies before as it is found to be one of the most volatile instrument on this planet. At one moment you could be a Millionaire and on the other you could be a Nillionaire. All my views on this piar are just technical analysis, no fundamental or sentimental analysis are taken into consideration. Happy Trading and Happy Weekend... ;)
last breakout was only short squeez, shorts were at all time high, not real breakout.
Still didnt broke downtrend line on log chart of btc.
market still lacks confidence. and pls do check out crash pattern of 2014.
i am still expecting crash, unless it breaks downtrend line on log scale ;)
having said that, i wish u a good luck in trading
iam_jaisonjose
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@crypto_DaVinci, Sure Bro... Let's see how this goes...
Happy Trading... :)
last breakout was only short squeez, shorts were at all time high, not real breakout.
Still didnt broke downtrend line on log chart of btc.
market still lacks confidence. and pls do check out crash pattern of 2014.
i am still expecting crash, unless it breaks downtrend line on log scale ;)
having said that, i wish u a good luck in trading