Bitcoin is having lower lows and lower highs, which implicates that it's still in bearish move.
Right now BTC is in so called "triangle formation" in which price is bouncing back and forth with short bull or bear-trends.
Bearish moves were shorter and shorter and now, temporary, it's in bull-trend. I assume that BTC can reach upper triangle resistance line at around $8,000. Before going back down.
<b>DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.</b>
If You like my charts, follow me on Twitter or Steemit.
Right now BTC is in so called "triangle formation" in which price is bouncing back and forth with short bull or bear-trends.
Bearish moves were shorter and shorter and now, temporary, it's in bull-trend. I assume that BTC can reach upper triangle resistance line at around $8,000. Before going back down.
<b>DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.</b>
If You like my charts, follow me on Twitter or Steemit.