BTC has broken out again!
Don't go clicking the buy button without hesitation, we need to surpass the PRZ (Potential Reversal Zone) derived from a previous resistance in order to guarantee an upwards trend within the pitchfork. There is also a possibility that it uses the PRZ as a resistance and uses the lower fork as a support.
3 Possibilites:
1. We surpass the PRZ and head straight to the upper fork.
2. We bounce off the PRZ and use the lower fork as a resistance.
3. We bounce off the PRZ and use the previous resistance as support and cry :'(
Please let me know what other possibilities you foresee my fellow analytical psychics!
<(*^-^)>- *.-*.
My verdict: GO LONG or find yourself with a long face after you miss out...
Good luck and happy trading!
Sebastian Klopfer O_o
Don't go clicking the buy button without hesitation, we need to surpass the PRZ (Potential Reversal Zone) derived from a previous resistance in order to guarantee an upwards trend within the pitchfork. There is also a possibility that it uses the PRZ as a resistance and uses the lower fork as a support.
3 Possibilites:
1. We surpass the PRZ and head straight to the upper fork.
2. We bounce off the PRZ and use the lower fork as a resistance.
3. We bounce off the PRZ and use the previous resistance as support and cry :'(
Please let me know what other possibilities you foresee my fellow analytical psychics!
<(*^-^)>- *.-*.
My verdict: GO LONG or find yourself with a long face after you miss out...
Good luck and happy trading!
Sebastian Klopfer O_o