Approaching Crossroads!!! (Not Death Cross)

2018년 3월 30일

So We have major Support line that preceded our two big bull runs in Nov 17 an Feb 18. Its interesting to me that it tested the downtrend line from our December and February highs. The next significant level is the green support line that began BTC's epic run in Nov '17 and the smaller rally in Feb '18.

The question is will the combined powers of the red Downtrend and the Green Support line be enough to build the confidence of the Bulls?

Taking a wait and see approach... a breach of the green could be catastrophic in the short term.

Please like if you like :)

AC

2018년 3월 30일

노트

So here it is on the 1 Hour Chart, You can clear see the support of the Downtrend line. To me the next big level to watch is 6200 in a breach of the green support line.

2018년 3월 31일

노트

So it has rebounded just a little and is heading back down again. Momentum is also very neutral. could be heading back down to retest. Fascinated to see what will happen at the green support line if it touches.

Anyone concur/like?
AC

2018년 4월 2일

노트

That is a lot of respect right there for the Dec/Feb downtrend Line