See the Downtrend line all the way from when Bitcoin started to retrace, the market has since then touched that trend line 3 times, the last time was the most recent move as you can see.
btcusd is also at a up trend line and near support, the market can anytime soon start with its bullish run, although the market hasn't quite hit that support, but the market came pretty close and its at the up trend line, so this can be count as a good place to reverse.
The Big Question Is What Needs Bitcoin To Do For Us To Say READY TO BUY???
for us to to be ready to buy, Bitcoin must break the downtrend line and make a low price on the right side of that trend line with at least a counter trend line break after making a low price, I would certainly be more confident if I can see a Bullish Candlestick Formation at the right side of the trend line or a bullish crown or maybe a head & shoulders.
that's my analysis on Bitcoin
if you have any comments or questions please let me know in the comment section
btcusd is also at a up trend line and near support, the market can anytime soon start with its bullish run, although the market hasn't quite hit that support, but the market came pretty close and its at the up trend line, so this can be count as a good place to reverse.
The Big Question Is What Needs Bitcoin To Do For Us To Say READY TO BUY???
for us to to be ready to buy, Bitcoin must break the downtrend line and make a low price on the right side of that trend line with at least a counter trend line break after making a low price, I would certainly be more confident if I can see a Bullish Candlestick Formation at the right side of the trend line or a bullish crown or maybe a head & shoulders.
that's my analysis on Bitcoin
if you have any comments or questions please let me know in the comment section
