Let's see how this chart ages. Solid path shows my expectation of how BTC will play out over the next few days, dotted paths show other possibilities at crucial points with yellow paths representing bullish movement.
I am holding a conservative amount of Bitcoin and certain altcoins, with my fiat ready for a buying opportunity.
I am holding a conservative amount of Bitcoin and certain altcoins, with my fiat ready for a buying opportunity.
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Update: Added to my BTC stack at $6,400.
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Bitcoin has broken upwards from this falling wedge and looks to have found support at that previous upper resistance. I will be monitoring closely over the next few days.
This could mark the start of more bullish movement for BTC and a possible break upward from the larger wedge BTC has been ranging within for months. See my chart 'One Wedge to Rule Them All'.
For clarity, I could also see Bitcoin finding a new low within the next few weeks. I am only holding a conservative amount of BTC and Alts, having sold the majority for profit at or above current levels.
This could mark the start of more bullish movement for BTC and a possible break upward from the larger wedge BTC has been ranging within for months. See my chart 'One Wedge to Rule Them All'.
For clarity, I could also see Bitcoin finding a new low within the next few weeks. I am only holding a conservative amount of BTC and Alts, having sold the majority for profit at or above current levels.