Hello traders,
This is one for everyones input, i was having a little mess around with the charts before and a couple of interesting potential moves stood out to me.
I honstly believe 5000 will be tested again, the green support level at the bottom streches back to 2016, with dec/jan 2019 also supporting.
If we dont break below the red support which began in early 2019 then a nice bearish channel could form, taking us upto 17k, with 10k looking a very nice re test of support before we make new ATH.
The interesting thing with both is the NOV 2020 date, this on both looks like last chance saloon to grab BTC at prices potentially never to be seen again.
This would be a great topic for discussion, ths is obviously only for people voice thier opinion and i wouldnt go betting your life saving on it.
Could BTC start behaving like a normal chart ????
This is one for everyones input, i was having a little mess around with the charts before and a couple of interesting potential moves stood out to me.
I honstly believe 5000 will be tested again, the green support level at the bottom streches back to 2016, with dec/jan 2019 also supporting.
If we dont break below the red support which began in early 2019 then a nice bearish channel could form, taking us upto 17k, with 10k looking a very nice re test of support before we make new ATH.
The interesting thing with both is the NOV 2020 date, this on both looks like last chance saloon to grab BTC at prices potentially never to be seen again.
This would be a great topic for discussion, ths is obviously only for people voice thier opinion and i wouldnt go betting your life saving on it.
Could BTC start behaving like a normal chart ????