Bitcoin move coming sooner or later
Hard to tell when the next big move will occur.
Scenario 1: Seems like BTC may consolidate between the .382 Fib line and the the downward trend line from 1/6/2018 (top green line). There could potentially be a break out there or it can dip to the downward support trend line that has been in place since 12/30/2017 (bottom green line).
Scenario 2: Consolidation between .382 Fib and the downward trend resistance line from 1/6/2018 (top green line), either break out (PLEASE) or head towards testing the rising support line in place since 1/17/2018 (~10.3k, bottom red line), or further to the .236 Fib line (~8.9k, red fib level).
The daily chart is looking like its leaning towards an upward trend reversal, so hopefully it breaks out of this trend in the coming days. I will be watching for any dips past certain supports to determine what I will do. If it drops past the red rising support line I may sell and re-buy at a lower price with a portion of my BTC portfolio. Also remember to listen for some info in regards to your FA. Some good news could easily bounce us out of this slump!
Scenario 1: Seems like BTC may consolidate between the .382 Fib line and the the downward trend line from 1/6/2018 (top green line). There could potentially be a break out there or it can dip to the downward support trend line that has been in place since 12/30/2017 (bottom green line).
Scenario 2: Consolidation between .382 Fib and the downward trend resistance line from 1/6/2018 (top green line), either break out (PLEASE) or head towards testing the rising support line in place since 1/17/2018 (~10.3k, bottom red line), or further to the .236 Fib line (~8.9k, red fib level).
The daily chart is looking like its leaning towards an upward trend reversal, so hopefully it breaks out of this trend in the coming days. I will be watching for any dips past certain supports to determine what I will do. If it drops past the red rising support line I may sell and re-buy at a lower price with a portion of my BTC portfolio. Also remember to listen for some info in regards to your FA. Some good news could easily bounce us out of this slump!
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