Bitcoin chart analysis!

in cryptocurrency •  6 years ago 

Hello Steemians and my followers,
More than 4 months passed since my last post. However today decided to make an update for Bitcoin (thanks to my friends comment I read)!
Let's get back to Bitcoins chart analysis:)
BTC did what I was expecting when posted last time, however it spent longer in consolidation and dropped lower (my last chart):

Currently BTC looks like forming a bullish correction for upside, so let's see of it gains some momentum and breaks light blue trend line:

Looking forward I still see 2 possible scenarios:

  1. total reversal upside for new historic high;
  2. longer term consolidation:

IF YOU LIKE THIS, PLEASE UPVOTE AND RESTEEM THIS POST. THANK YOU!

Note: This is not a financial advise or trade call, it's only my personal opinion and arrows in the charts shows just an indication of direction, not the specific points or targets!

Your crypto_analyst
@andriustovis

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was wondering where you went. even though nobody wanted to hear about the bear, you were accurate in predicting it. keep the analysis coming :).

Thanks!

Welcome back.Good to see you are around.

Thanks!

It is always hard to know which direction but the market remain in a bearish trend.

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