In August BTC has been testing the 6000 resistance and has been forming higher lows moving towards a break of this descending triangle. I anticipate a few more lower daily closes this week to test 6150. Then a reversal back to 6500, past that a break up above 6500 or break down through 6100 will have major momentum. Get ready!
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The 'D' leg up is taking its sweet time, we may see it test 6900 or we may see it drop down to 6200ish over the next week.
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Looks as though were still in the 'D' leg. If we break 6800 I expect a good jump up but most likely we will see some some lower daily closes to test 6100 support. Still short.
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beautiful bullish higher lows building... we could break down one more time to 6200, btcshorts hit a peak again last night so people want it to drop.
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I think we may see a drop down to 6450-6500 in the next couple days. We need to break out of this triangle with some higher highs to get really bullish. Is it christmas yet?
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I have no idea what to expect in the next couple days, I really want it to break out of this triangle in a big way and push us into the christmas season like a bull on the loose. If we break down past 5800 were in for a long hard haul.
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BOOM. Who likes short shorts?
What did I say on October 4rth....
It hit 6220 and we build back up from here. It's going to break this triangle in the next 10 days or so. Hold on to your butts.
What did I say on October 4rth....
It hit 6220 and we build back up from here. It's going to break this triangle in the next 10 days or so. Hold on to your butts.
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Higher high, or lower low, this is a knuckle biter.
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So apparently this pump is from the Tether exit dump, I mean it got us out of that triangle but its not from FOMO its from FUD on UDST, so not really as positive a move as first thought.
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looks like we've settled close to 6600 as a new support. I'm expecting some sideways action between 6600 and 7400-7600 for a few days as thats where the wick reached resistance yesterday.