I was a bit creeped out to see how well my approximate drawings in my previous analysis has fit into what has actually transpired.
BTCUSDT
! Looking at the daily chart here, I have modified the major trendlines in yellow to incorporate the recent developments in
BTCUSDT
. Even after the modification, we can see a clear break and support resting above the upper trendline.
The current candle still hasn't closed on this newly modified upper resistance, but if it is able to close the day above the trendline, it signals at least some recovery.
I've been seeing some TA here on
BTCUSDT
and many are great so I won't go much into the details of what else has happened so far. Instead, I tried to see the potential move that would keep the hopes up for
BTCUSDT
using a hypothetical bull gartley pattern as drawn above. I did this to show the rough maximum tolerance BTC can endure using fibonacci retracement levels as it potentially leads up into a new set up for a new bull run before the end of March 2018.
So long as BTC is able to stay above the upper trendline for another ~16 candles and not drop much further down beyond that, a bull run may be possible. This roughly translates to a -22.2% from the valuation at the time of writing (~$8650). Add to the fact that we are currently testing the .382 line since ATH in mid Dec. 2018, I expect a suppressed yet volatile sidelining from here out which would give BTC much needed time to breathe and set up further bullish movements...which also does mean room for further bearish setup. I guess we'll have to see, it'll be really interesting.
Just like Goku takes a long time to charge his spirit bomb, BTC may need time to charge its strength.
Only time will tell if BTC was actually charging up a spirit bomb or just dying a really slow and painful death.
手動結束交易:
No longer valid as we broke below support earlier than it could be tolerated to remain in bullish scenarios.
