BTC is now on the edge of the global trendline (Log scale):
Bullish signs:
- Descending triangle completed (Leg 5 done)
- 0,786 fib level
- Are still above the global outer arc (Gann Square)
- Is on the edge of the lower curve (blue curves)
- Much support on the current level (at least 2-3 lower points from earlier stages)
- 2year (730days) Moving average is still below.
Bullish signs:
- Descending triangle completed (Leg 5 done)
- 0,786 fib level
- Are still above the global outer arc (Gann Square)
- Is on the edge of the lower curve (blue curves)
- Much support on the current level (at least 2-3 lower points from earlier stages)
- 2year (730days) Moving average is still below.
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