Hey guys! I'm new to TA and thought I'd take a crack at Bitcoin - my apologies if I'm using some jargon wrong! >.<
Pay close attention in the coming days as we test the 6 mo trendline:
- If it fails, we could be headed towards the yearly trendline at $40k
- If it tests on the upside and holds, we could be looking at $70k again
I also noticed a larger triangle forming but it may be too early to tell.
I'd love to hear what you think in the comments! :)
Pay close attention in the coming days as we test the 6 mo trendline:
- If it fails, we could be headed towards the yearly trendline at $40k
- If it tests on the upside and holds, we could be looking at $70k again
I also noticed a larger triangle forming but it may be too early to tell.
I'd love to hear what you think in the comments! :)
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Target hit!
Now watching closely to see if the support line holds - Planning to enter after a bounce.
Now watching closely to see if the support line holds - Planning to enter after a bounce.
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Looks like we got a rejection off the bottom support - entered a bit and looking to expand my position after a breakout of the downtrend or the support line.
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We saw a pretty significant break through the 1yr support line - If this line becomes a resistance, we could see a LOT more pain for BTC.
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Looks like the 1yr support line has become a resistance...yikes!
BTC looks like it is currently headed to ~$40k.
I will definitely be keeping an eye out to enter if there is support at $40k ^.^