Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
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Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
Followed you back my friend, and my general prediction for Bitcoin is this:
Looks destined to break out upwards to me since it is a bullish pattern (falling wedge), but of course it is Bitcoin and if some bad news comes out that could over-power the pattern imo, so waiting for a break out before taking any position is always best :)
If going long the major falling trendline of course needs to be taken into consideration and could stall the move up if it comes around.
Drew the falling wedge lines better in that image and added in weekly horizontal support and resistance, plus the green box is where I will go long and the red box where I will go short. (Not telling anyone to go short or long there, just what I am doing!)