With such a tiny volume is being really difficult to find any indication that show us the next move of BITCOIN and so, the direction of the Market.
The positive view now is that BITCOIN is still within the correction of a first wave within an upwards cycle...hopefully.
BITCOIN may be forming just a long Bull-flag, ending the wave 2 as I show you below:
Breakage of this Bull-flag upwards could be on (d) or after rebounding on (e)...
The upper Dashed line is marking the limit... we have to pay attention to that line because it is very likely that BTC has already touched the lowest level of the long correction on Mid-December...
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Published by Toofasteddie
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For now it seems that wave 2 is in works... Would be great to see BTC close to $7,000 but when I read around it's like almost everybody has lost faith in cryptos. Maybe we have finally came down to that "despair level".
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Agreed. I've been saying flag since 24 Jan (https://mentormarket.io/bitbrain/btc-24-jan-a-change-of-direction/). up to as recently as today. It's a long flag now, but we will see.
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Coño, pues si que es interesante... Me la apunto en la lista de opciones!!
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It will be nice that you add your entry and exit points.
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Entry point (from my perspective) is when it breaks though the top of the channel (definitively). I called exit points at "$5500 or even $6200" - though this will have to be reassessed when and if such a scenario actually develops.
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