Cryto traders,
Here is an analysis of a possible reversal taking place for Bitcoin, which we all know could result in a reversal for pretty much all the other major coins and alt coins.
I've explained using notations on the chart directly as I believe this is most effective at getting my point across easily rather than you having to keep scrolling up and down and trying hard to understand what part of the text links to what part of the chart.
If all of these various resistance levels break we can most likely expect some serious upwards momentum from there on.
I'll update when I have gathered more information.
**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people who are after some knowledge of what could happen. You should conduct your own analysis and research to build up your own predictions**
-Reiss
Here is an analysis of a possible reversal taking place for Bitcoin, which we all know could result in a reversal for pretty much all the other major coins and alt coins.
I've explained using notations on the chart directly as I believe this is most effective at getting my point across easily rather than you having to keep scrolling up and down and trying hard to understand what part of the text links to what part of the chart.
If all of these various resistance levels break we can most likely expect some serious upwards momentum from there on.
I'll update when I have gathered more information.
**Don't take trades based purely on my ideas shared with you; I'm just providing an idea for people who are after some knowledge of what could happen. You should conduct your own analysis and research to build up your own predictions**
-Reiss
Commentaire:
Price has poked through the black dashed head and shoulders neckline and managed to break through the purple major bearish trend line but has fallen straight back through. Clearly the bulls don't have as much momentum as people may have thought. The result is that another lower high has formed so we'll have to see if upward momentum picks up or if it falls again.
