Loaded at $220 based on 3d chart. If support on the 3d breaks then $150 is possible but that's an unlikely scenario in my opinion. If support falls I'll dca on the weekly chart.
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I feel pretty confident that was the bottom and we have begun a reversal. I DCA on the way down and will be holding this long, very long most likely.
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3d/1d falling wedge which is typically a bullish pattern . Up to 6hr 5/10 EMA has crossed which is another sign of a reversal. I don't expect explosive gains unless we have a catalyst to really get this moving. I'm anticipating a "slower" (crypto terms) grind up until the wedge resistance is broken and 1d 5/10 EMA crosses. Once that happens it should set off alarms for traders who wait for longer time frame conformation of a reversal and I expect a quicker move up.
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Wedge broke up as predicted. 1d 5/10 EMA crossed and broke 3d resistance this AM. Confirmation for the most conservative traders that the bear market is over. I'm not discussing short term trends or trades here, only long time frames. This is a L O N G hold for serious gains.
Wedge broke up as predicted. 1d 5/10 EMA crossed and broke 3d resistance this AM. Confirmation for the most conservative traders that the bear market is over. I'm not discussing short term trends or trades here, only long time frames. This is a L O N G hold for serious gains.
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Channel starting to be defined.
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Bears may be about to loose their grip on BTC...
