bitcoin struggling, the longer the better (check my last post)
hello all, since my last post i have noticed btc struggling on the green dotted trendline. as with all my posts i look at a few indicators only.
moving averages, trendlines and fibonacci retracements being my favorite.
lets get to analysis; if btc moves up watchout for the 11800 mark. heavy resistance.
i am still of strong belief that in order for btc to have a major move up, it is likely to drop to 8200-8800 mark.
the other day i was playing around with trendlines and somehow i landed on a line that shows 8120 dated on december 2020. sadly the chart didnt save and lost the lines and i dint bother again to draw. lets see if december marks the start of btc parabolic move and new bubble.
moving averages, trendlines and fibonacci retracements being my favorite.
lets get to analysis; if btc moves up watchout for the 11800 mark. heavy resistance.
i am still of strong belief that in order for btc to have a major move up, it is likely to drop to 8200-8800 mark.
the other day i was playing around with trendlines and somehow i landed on a line that shows 8120 dated on december 2020. sadly the chart didnt save and lost the lines and i dint bother again to draw. lets see if december marks the start of btc parabolic move and new bubble.