We are at a critical point here as far as the near future of BTC.
Underlying slightly increasing bottom and a decreasing tops for the last couple of months. Now we have 1 month of (sept 9 to oct 6) clearly raising bottoms and some raising tops. This is where it gets tricky we need more volume to break past that 61.8 fib level and hold. I'm thinking around the 8000-9000 volume for the candle to have enough strength to break upwards. I put a light blue horizontal line where I saw the first failure to break my 2nd resistance line. Now we are looking at the second attempt where my blue arrow is. The good news is this mini upward trend is still inside my golden support line lets see if it can continue the march upward!
Underlying slightly increasing bottom and a decreasing tops for the last couple of months. Now we have 1 month of (sept 9 to oct 6) clearly raising bottoms and some raising tops. This is where it gets tricky we need more volume to break past that 61.8 fib level and hold. I'm thinking around the 8000-9000 volume for the candle to have enough strength to break upwards. I put a light blue horizontal line where I saw the first failure to break my 2nd resistance line. Now we are looking at the second attempt where my blue arrow is. The good news is this mini upward trend is still inside my golden support line lets see if it can continue the march upward!