bitcoin chart analysis Are we ready to finish our downtrend?
As you can see, it is near by downtrend line.
Short term trader should wait and see if this break.
for long term trader, it could be not a bad time to buy small portion of it.
We have fairly strong support close 9200~9500 and I am sure most people are waiting to buy around 8500~9100, but if they miss the train, they will jump over plus short will cover.
That makes it to shoot up to 10250 and break it easily.
It is best to buy after 10283 breaks for longterm trader because that will break short triangle and recent consolidation.
It is not a bad time to wait and see what would happen and make a move because we still have big trend to break from Jun 26.
BTC could consolidate range of 9200- 10600 untill oct is possible but I hope not.
Short term trader should wait and see if this break.
for long term trader, it could be not a bad time to buy small portion of it.
We have fairly strong support close 9200~9500 and I am sure most people are waiting to buy around 8500~9100, but if they miss the train, they will jump over plus short will cover.
That makes it to shoot up to 10250 and break it easily.
It is best to buy after 10283 breaks for longterm trader because that will break short triangle and recent consolidation.
It is not a bad time to wait and see what would happen and make a move because we still have big trend to break from Jun 26.
BTC could consolidate range of 9200- 10600 untill oct is possible but I hope not.
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