Hello all,
BTC is sparking my interest again. Take a look why! It's been in an obvious, slow and painful downtrend for several months. However, this round appears a little different. We are playing around in the golden pocket of the retracement from the low/high of the last little bull run to 16k. On top of that, you can see (green box) that a very healthy support has been built in that range throughout recent history. This may be some signs of another run coming soon. Either way, we're running out of room between the decending blue resistance line and the strong support. Will be keeping a closer eye for the next couple weeks!
BTC is sparking my interest again. Take a look why! It's been in an obvious, slow and painful downtrend for several months. However, this round appears a little different. We are playing around in the golden pocket of the retracement from the low/high of the last little bull run to 16k. On top of that, you can see (green box) that a very healthy support has been built in that range throughout recent history. This may be some signs of another run coming soon. Either way, we're running out of room between the decending blue resistance line and the strong support. Will be keeping a closer eye for the next couple weeks!