BTC 3.79% while moving in downtrend channel formed falling wedge and now we see it's breakout. BTC 3.79% touched the old support line and now have bull power. In other side BTC 3.79% still in higher parallel channel , that make him weakness. Now is time to retracement, we should see how strength is 10200$ level. But 8500-7900$ is still more than possible, that's would be a good enter time. With some time of moving in uptrend channel double top will be formed. And looks like Cup And Handle pattern. It's good form of correction for such valuable coin. And we are in good buy zone for long term. But, only if we got a strong worldwide support for crypto currencies. If this question will be rejected by government and big companies till summer, the big panic will be come and we will see BTC 3.79% at 3200$. The 5200$ will be a good support zone , but this market love's extreme situation's, so new minus parallel channel is possible. But this will be just a falling part of bigger Cup&Handle with target 50,000$.
Transaction en cours:
BTC touched the trend line that was formed in September and complete Falling Wedge with two false breakout. This green line will be Support for nearest time. Bulls got rest and now ready to make some moves up. More likely that the top would be at 11500$ Resistance, but 16500-15000$ zone Is possible. If we got above 11500$ this will be mean "return to normal phase" of bubble chart pattern.
BTC stay at level of Mid October 2017 in Google Trends for past 5 years. This is pretty hot.
BTC stay at level of Mid October 2017 in Google Trends for past 5 years. This is pretty hot.
